PT Bank UOB Indonesia Annual Report 2013

PT Bank UOB Indonesia | Annual Report 2013

Gazing 山 (Mountain) Tan Rui Rong

PT Bank UOB Indonesia Contents 31 December 2013

3 UOB Indonesia at a Glance 4 Financial and Operational Highlights 8 Shareholder Structure 9 Corporate Structure 10 UOB Financial Statements 12 Highlights in 2013 14 Awards

14 16 17 20 42 108 240

Corporate Milestones Report from the President Commissioner Report from the President Director Management Discussion and Analysis Corporate Governance Financial Statements Corporate Information

Gazing 山 (Mountain) by Tan Rui Rong Oil on Canvas Mr Tan Rui Rong’s Gazing 山 is the design inspiration for this year’s Annual Report. The painting received the Silver Award in the 2013 UOB Painting of the Year (Singapore) Competition. Mr Tan was moved by the philosophy of Buddhist Master, Qing Yuan Wei Xin, who said 见山是山 (“a mountain is a mountain”), 见山不是山 (“a mountain is not a mountain”), 见山还是山 (“a mountain is still a mountain”). The saying’s deeper meaning reflects the changing perspectives people have as they progress through different stages in their lives. Referencing Master Qing’s philosophy, the artist uses the character 山 to represent the mountain. To the young boy standing at its foot, the immense mountain represents the promise of the future. With knowledge and resilience he will be able to scale its heights. It is a journey that will see him gain the wisdom to seize the many opportunities that will present themselves over time. The UOB Painting of the Year Competition, now in its 32nd year, promotes awareness and the appreciation of the arts, while challenging artists to produce work that will inspire audiences across Southeast Asia.

PT BANK UOB INDONESIA Annual Report 2013 | 1

To be the premier bank in Indonesia committed to providing quality products and excellent customer services To provide top quality banking service required by the retail market, improve human resources professionalism and increase added value for all stakeholders in a sustainable manner

2 | PT BANK UOB INDONESIA Annual Report 2013

UOB Indonesia at a Glance

PT Bank UOB Indonesia (UOB Indonesia) was founded on 31 August 1956 under the name PT Bank Buana Indonesia. In May 2011, the Bank changed its name to PT Bank UOB Indonesia. UOB Indonesia’s service network comprises 41 branch offices, 168 sub-branch offices and 189 ATMs across 30 cities in 18 provinces in Indonesia. UOB Indonesia’s banking services are also accessible through its regional ATM network, the ATM Prima and ATM Bersama networks, and the Visa network. UOB Indonesia is rated AAA (idn) by the independent rating agency Fitch Ratings. The Bank has also won the Platinum Award for Exceptional Financial Performance from Infobank Magazine for 10 consecutive years. UOB Indonesia is well known for its focus on small and medium enterprises, and strong retail customer base. The Bank has built a consumer as well as corporate banking business which offers treasury and cash management products and services.

With its extensive network of services, information technology systems, sound capital structure and highly qualified staff, UOB Indonesia aims to create sustainable long-term value for its stakeholders. UOB Indonesia’s focus remains on transforming UOB Indonesia into a Premier Bank through disciplined growth and stability. UOB Indonesia understands the importance of corporate social responsibility through its focus on promoting arts and education as well as helping children. For the past three years, UOB Indonesia has organised the prestigious Painting of the Year Competition and Exhibition. UOB Indonesia also encourages active participation from all of its employees in its corporate social responsibility programmes through regular volunteer activities. This includes the annual UOB Heartbeat Run which is held simultaneously in Indonesia, Singapore, Malaysia, Thailand and mainland China. For more information about PT Bank UOB Indonesia, please visit www.uob.co.id.


Financial and Operational Highlights

Balance Sheets

31 December

Items (in IDR billion)

2009

2010

2011

2012

2013

Assets Cash

352

377

377

418

662

Current Accounts with Bank Indonesia

1,056

1,798

3,553

4,047

4,760

Current Accounts with Other Banks

1,122

608

666

897

1,161

Placements with Bank Indonesia and other Banks

1,313

2,123

3,090

2,750

3,120

Trading Securities and Financial Investments - Net

6,224

5,332

4,703

4,688

3,964

Securities Sold Under Repurchased Agreement

-

-

1,164

-

-

Derivatives Receivable

5

41

83

113

350

22,980

27,044

38,866

44,476

51,871

232

367

1,457

1,407

1,843

Loans - Net Acceptances Receivable - Net Investments - Net

-

-

-

-

-

11

31

13

-

-

Fixed Assets - Net book value

707

798

817

882

984

Others Assets - Net

334

412

474

419

407

33,444

38,302

55,248

59,373

71,382

Deferred Tax Assets - Net

Total Assets Liabilities and Equity Current Liabilites Demand Deposits Savings Deposits Time Deposits Deposits from Other Banks

90

88

80

218

68

5,227

3,203

4,841

4,987

5,336

4,047

7,309

7,805

8,165

9,289

16,881

17,751

30,257

33,387

42,653

436

1,976

1,317

1,682

1,598

Taxes Payable

54

59

70

85

131

Derivatives Payable

20

47

82

116

354

-

-

1,190

-

-

Obligation on Securities Sold Under Repurchased Agreements Interests Payable

40

53

174

151

196

234

371

1,472

1,390

1,845

Fund Borrowing

5

-

-

-

-

Subordinated Bonds

-

-

-

-

-

10

11

-

-

-

Acceptances Liabilities

Estimated Losses on Commitments and Contigencies Deferred Tax Liability - Net Liabilities for Employees’ Benefits

-

-

-

40

40

25

38

52

70

79

Other Liabilities

275

490

440

500

525

Total Liabilities

27,344

31,396

47,780

50,791

62,114

6,100

6,906

7,468

8,582

9,268

33,444

38,302

55,248

59,373

71,382

Total Equity Total Liabilities and Equity


Income Statements 31 December


2009

2010

2011

2012

2013

Interest Income

3,498

3,234

4,113

4,866

5,430

Interest Expense

(1,501)

(1,191)

(1,775)

(2,061)

(2,584)

1,997

2,043

2,338

2,805

2,846

359

490

473

474

558

(128)

(127)

(209)

(69)

73

Interest Income - Net Other Operating Income - Net Provision for Impairment Losses on Financial Assets and Estimated Losses on Commitments and Contingencies Provision for Decline in Value of Foreclosed Assets

(13)

(13)

20

(6)

9

Other Operating Expenses

(1,205)

(1,221)

(1,568)

(1,788)

(1,996)

Income From Operations

1,010

1,172

1,054

1,416

1,490

3

(18)

21

73

49

1,013

1,154

1,075

1,489

1,539

Non Operating Income (Expenses) - Net Income Before Tax Expense Tax Expense

(290)

(289)

(282)

(377)

(393)

Income including pre-merger Net Income of ex PT Bank UOB Indonesia

723

865

793

1,112

1,146

Net Income of merged Bank

279

(159)

-

-

-

Net Income for the year

444

706

793

1,112

1,146

Other Comprehensive Income (loss) for the year - Net of tax Total Comprehensive Income for the year - Net of tax Net Income per share (full amount)


82

(63)

16

32

(213)

526

643

809

1,144

933

67

87

83

116

120

2009

2010

2012

2013

31 December 2011

Financial Ratios Capital Capital Adequacy Ratio (CAR)*

26.25%

22.27%

17.61%

16.77%

14.94%

5,869,755

6,724,620

7,394,259

8,100,744

8,780,556

5,563,447

6,409,273

6,951,746

7,593,355

8,167,433

306,308

315,347

442,513

507,389

613,123

22,361,066

30,193,418

41,980,133

44,061,564

58,776,128

21,888,377

27,532,248

37,693,549

43,525,036

53,287,174

117,574

111,407

131,321

60,125

179,537

-

2,549,763

4,155,263

4,706,403

5,309,417

CAR Tier I

24.88%

21.23%

16.56%

15.72%

13.90%

CAR Tier II

1.37%

1.04%

1.05%

1.05%

1.04%

20.55%

20.23%

18.99%

18.28%

18.66%

- Fixed Assets

1,206,343

1,360,164

1,404,238

1,480,451

1,638,634

- Capital

5,869,755

6,724,620

7,394,259

8,100,744

8,780,556

Non-Performing Earning Assets

2.26%

2.27%

1.24%

1.56%

1.34%

Non-Performing Earning Assets and Non Earning Assets to Total Earning Assets

2.13%

2.08%

1.19%

1.41%

1.02%

-

-

1.05%

0.97%

0.55%

Non-Performing Loans

3.02%

2.78%

1.53%

1.81%

1.63%

Non-Performing Loans - Net

2.28%

2.24%

1.17%

1.13%

1.15%

- Total Capital a) Core Capital b) Supplementary Capital - Risk Weighted Assets a) Credit b) Market c) Operational

Fixed Assets to Capital

Assets Quality

Allowance for Impairment Losses for Financial Assets to Earning Assets

* Starting 2010 onwards, CAR is calculated for credit risk, market risk and operational risk.


Financial and Operational Highlights

Items Rentability Return on Assets (ROA) Return on Equity (ROE) Liabilities to Equity Liabilities to Assets Net Interest Margin (NIM) Fee Income Ratio Cost to Income Operating Expense to Operating Income Liquidity Loans to Deposits Ratio (LDR) Low Cost Fund (CASA) Ratio

2009

2010

31 December 2011

2012

2013

3.03% 12.97% 448.98% 81.78% 5.85% 21.45% 53.41% 75.51%

3.31% 14.48% 454.62% 81.97% 6.17% 23.02% 50.89% 70.85%

2.30% 11.43% 639.81% 86.48% 5.14% 27.68% 56.90% 77.55%

2.60% 14.97% 591.86% 85.55% 5.07% 24.72% 55.93% 74.61%

2.38% 14.29% 670.15% 87.02% 4.55% 24.15% 61.82% 77.70%

89.47% 35.46%

97.10% 37.19%

91.70% 29.48%

96.64% 28.26%

91.15% 25.53%

Compliance Violation of the Legal Lending Limit Lending in excess of the Legal Lending Limit Statutory Reserves - IDR Primary Secondary Statutory Reserves - Foreign Currency Net Open Position

-

-

-

-

-

5.08% 24.50% 1.03% 0.54%

8.11% 16.66% 1.03% 1.22%

8.10% 13.74% 8.31% 0.58%

8.10% 7.75% 8.10% 0.26%

8.12% 9.06% 8.22% 1.75%

Growth Ratios Net Interest Income Operating Income Net Income Total Assets Total Liabilities Total Equity

19.51% 29.16% 31.69% 0.29% (1.95%) 11.76%

2.30% 12.38% 19.64% 14.56% 14.82% 13.40%

14.44% (10.07%) (8.21%) 44.24% 52.18% 8.14%

19.95% 34.30% 40.09% 7.47% 6.30% 14.91%

1.45% 5.23% 3.14% 20.23% 22.29% 7.99%

74.24% 89.47% 1.76% 26.39% 26.25% 26.25%

77.52% 97.10% 1.48% 24.42% 24.33% 22.27%

77.71% 91.70% 1.25% 19.62% 19.55% 17.61%

87.95% 96.64% 1.12% 18.61% 18.59% 16.77%

82.38% 91.16% 0.66% 16.48% 16.42% 14.94%

Others Ratios Loans Receivable to net Earning Assets Loans Receivable to Third Party Funds Allowances for Possible Losses to Total Loans Receivable Capital Adequacy Ratio (CAR) for Credit Risk* Capital Adequacy Ratio (CAR) for Credit Risk and Market Risk* Capital Adequacy Ratio (CAR) for Credit Risk, Market Risk and Operational Risk* Others Total Employees Total Office Network Total ATMs Total Cost of Fund (IDR billion) Total Share Issued (share) * Calculated in accordance with Bank Indonesia Regulations.


4,761 4,974 5,301 5,314 5,317 213 213 213 213 209 129 132 137 173 189 1,379 1,070 1,677 1,950 2,431 6,653,357,004 9,553,885,804 9,553,885,804 9,553,885,804 9,553,885,804

Rp7,395 billion p

16.63%

Rp10,739 billion p

23.07%

p

¢ Net loans ¢ Deposits

5.49%

¢ LDR

91.15% 97.10%

89.47%

¢

91.70%

96.64%

865 51,871

26,155

22,980

3.06%

1,146

1,112

¢

57,278 42,903

Rp1,146 billion p

91.15%

¢

¢

¢

Net Income

46,539 44,476

793

723

38,866

28,263 27,044

2009

2010

2011

2012

2013

Net loans grew by 16.63 per cent in 2013, partly driven by the growth in loans for investment and working capital.

2009

2010

2011

2012

2013

Net Profit rose slightly by 3.06 per cent in 2012 to IDR1,146 billion.

Deposits grew by 23.07 per cent to IDR57,278 billion, mainly derived from the increase in Time Deposits of 27.75 per cent. The improvement of Loan to Deposit Ratio (LDR) to 91.15 per cent was due to the higher deposits’ growth than net loans.

Rp9,268 billion p

7.99%

9,268 8,582 6,906

Capital Adequacy Ratio (CAR)

14.94%

p

Total Equity

1.83%

26.25% ¢

7,468

22.27% ¢

6,100

17.61% ¢

16.77% ¢

14.94% ¢

2009

2010

2011

2012

2013

Total Equity increased by 7.99 per cent year on year, mainly due to the increase in net profit.

2009

2010

2011

2012

2013

Sufficient Capital Adequacy Ratio (CAR) was maintained at 14.94 per cent.


Ordinary Shares

Shareholder Structure

Public

35.79%

DBSN Service Pte Ltd

9.60%

Citibank Nominees Singapore Pte Ltd

16.87%

Wee Investment Private Ltd

United Overseas Bank Ltd

7.68%

100%

30.056%

United Overseas Bank Nominees (Pte) Ltd

9.27%

Wah Hin and Company Private Ltd

5.15%

DBS Nominees Pte Ltd

15.64%


Others

UOB International Investment Private Ltd

1.001%

68.943%

PT Bank UOB Indonesia

Corporate Structure

About United Overseas Bank Limited United Overseas Bank Limited (UOB) is one of the leading banks in Asia with a global network of more than 500 offices in 19 countries and territories in Asia Pacific, Western Europe and North America. Since its inception in 1935, UOB has grown organically and through a series of strategic acquisitions. In Asia it operates through its branches and representative offices as well as banking subsidiaries in China, Indonesia, Malaysia, the Philippines, Singapore and Thailand. UOB is rated among the world’s top banks: Aa1 by Moody’s and AA- by Standard and Poor’s and Fitch Ratings respectively. UOB provides a wide range of financial services including personal financial services, private banking, business banking, commercial and corporate banking, transaction banking, investment banking, corporate finance, capital market activities, treasury services, futures broking, asset management, venture capital management and insurance.

In Singapore, UOB is a leader in the credit and debit cards business and the private home loans business. It is also a key player in loans to small and medium enterprises. Its fund management arm, UOB Asset Management, is one of Singapore’s most awarded fund managers. UOB also plays an active role in the community, focusing on the arts, education and children. It has, for over more than three decades, held the longest-running art competition in Singapore, the UOB Painting of the Year. In recognition of its contributions to the arts, UOB was conferred by the National Arts Council’s Distinguished Patron of the Arts Award for the ninth consecutive year in 2013. UOB also encourages its employees across the region to be involved in its regular volunteer activities. This includes the annual UOB Heartbeat Run, which is held in Singapore, Malaysia, Indonesia, Thailand and mainland China. For more information about UOB, visit www.UOBGroup.com.

Global Network Asia Pacific

North America

Australia

4

Myanmar

2

Canada

3

Brunei

3

The Philippines

1

USA

3

China

17

Singapore

77

Hong Kong

2

South Korea

1

India

1

Taiwan

3

Indonesia Japan Malaysia

211

Thailand

157

2

Vietnam

1

Western Europe

France

1

United Kingdom

1

47


UOB Financial Statements

Consolidated Income Statement (Audited)

in SGD million

Consolidated Balance Sheet (Audited)

Dec 2012

Dec 2013

Interest Income

6,202

6,508

Equity

Less: Interest expense

2,285

2,388

Share capital

Net Interest Income

3,917

4,120

Retained earnings

Fee and commission income

Other reserves

Dec 2012

1,508

1,731

Devidend income

135

53

Rental income

110

114

Equity attributable to equity holders of the bank

Other operating income

825

703

Non-controlling interests

Non Interest Income

2,578

2,600

Total

Total Operating Income

6,495

6,720

Liabilities

Less: Staff costs

1,597

1,712

Deposits and balances of banks

1,151

1,186

Total Operating Expenses

2,747

2,898

Deposits and balances of non-banks customers

Operating profit before charges

3,748

3,822

Other operating expenses

Less: Amortisation/impairment charges Intangible assets Operating profit after charges

Equity holders of the Bank

First Half Second Half

192

189

25,272

26,577

21,538

26,247

182,029

202,006

1,572

1,035

227,628

257,652

Total equity and liabilities

252,900

284,229

Cash, balances and placements with central banks

33,056

26,881

Singapore Government treasury bills and securities

11,999

9,655

10,681

7,943

191

3,351

3,584

531

559

2,821

3,025

Other government treasury bills and securities

2,803

3,008

Trading securities

17

17

2,821

3,025

Assets

Placements and balances with banks Loans to non-banks customers Investment securities

3,256

9,053 26,388

Total

87

3,239

9,586 25,080

9,382

3,393

Total Operating Income

5,333 12,003

18,981

3,264

Non-controlling interests

5,272 10,222

9,689

-

Attributable to:

Dec 2013

12,800

Debts issued

429

Less: Tax Profit for the financial period

Other liabilities

7

Share of profit of associates and joint ventures Profit before tax

Bills and drafts payable

476

Loans and other assets

in SGD million

260

628

15,991

31,412

152,930

178,857

11,129

12,140

3,315

Other assets

9,334

9,280

3,405

Investment in associates and joint ventures

1,102

997

Investment properties

1,016

985

Fixed Assets

1,234

1,308

Profit for the financial year attributed to equity holders of the Bank First Half

1,401

1,505

Second Half

1,402

1,503

Intangible assets

4,168

4,144

252,900

284,229

Contingent liabilities

18,437

24,098

Financial derivatives

349,452

451,573

60,911

69,757

14.56

15.36

Total Off balance sheet items

Commitments Net asset value per ordinary share ($)


Consolidated Statement of Changes in Equity (Audited)

in SGD million Attributable to equity holders of the Bank

Balance at 1 January 2013

Share Capital and Other Capital

Retained Earnings

Other Reserves

NonTotal Controlling Interests

Total Equity

5,272

10,222

9,586

25,080

192

25,272

Profit for the financial year

-

3,008

-

3,008

17

3,025

Other comprehensive income for the financial year

-

(4)

(535)

(540)

(3)

(542)

Total comprehensive income for the financial year

-

3,004

(535)

2,468

15

2,483

Transfers

-

(23)

23

-

-

-

Change in non-controlling interest

-

-

(9)

(9)

(10)

(19)

Dividens

-

(1,206)

-

(1,206)

(7)

(1,213)

Share-based compensation

-

-

29

29

-

29

Reclassification of share-based compensation reserves on expiry

-

6

(6)

-

-

-

32

-

(32)

-

-

-

-

-

1

1

-

1

1,346

-

-

1,346

-

1,346

Issue of treasury shares under share-based compensation plans Increase in statutory reserves Issue of perpetual capital securities

(1,317)

-

(3)

(1,320)

-

(1,320)

Balance at 31 December 2013

Redemption of preference shares

5,333

12,003

9,053

26,388

189

26,577

Balance at 1 January 2012

5,253

8,499

9,215

22,967

177

23,144

Profit for the financial year

-

2,803

-

2,803

17

2,821

Other comprehensive income for the financial year

-

-

345

345

4

350 3,170

Total comprehensive income for the financial year

-

2,803

345

3,148

22

Transfers

-

(33)

33

-

-

-

Change in non-controlling interests

-

-

-

-

-

-

Dividens

-

(1,047)

-

(1,047)

(6)

(1,053)

(11)

-

-

(11)

-

(11)

Issue of shares under script dividend scheme

-

-

-

-

-

-

Share-based compensation

-

-

22

22

-

22

Share buyback - held in treasury

Increase in statutory reserves Issue of treasury shares under share-based compensation plans Balance at 31 December 2012

-

-

-

-

-

-

29

-

(29)

-

-

-

5,272

10,222

9,586

25,080

192

25,272

Consolidated Statement of Comprehensive Income (Audited) Profit for the financial period Currency translation adjustments

in SGD million 2012

2013

2,821

3,025

(329)

(264)

1,014

(201)

Change in available-for-sale reserve Change in fair value Transfer to income statement on disposal/impairment Tax relating to available-for-sale reserve Change in share of other comprehensive income of associates and joint ventures Remeasurement of benefit obligation Other comprehensive income for the financial period, net of tax Total comprehensive income for the financial period, net of tax

(301)

41

(67)

(17)

32

(97)

-

(4)

350

(542)

3,170

2,483

3,148

2,468

Attributable to: Equity holders of the Bank Non-controlling interests

22

15

3,170

2,483


Mar May


Dec

Nov

Oct

Aug

Sep

Jul

Jul

Jun

Apr

Jan

Feb

Highlights in 2013

Jan

31 In partnership with FoodHall, UOB Peduli gives a donation to flood victims in Jakarta.

Feb

11 UOB opens a new branch at the Menara Suara Merdeka tower in Semarang, Central Java, to provide customers in Semarang with greater access to UOB’s services.

Mar

7 UOB receives the Contact Centre Service Excellence Award (CCSEA) in the Commercial Bank and Credit Card categories.

Apr

17 UOB receives an Indonesian Bank Loyalty Award (IBLA) in the saving account category for conventional banks with assets < IDR75 trillion. 26 The Annual General Meeting of Shareholders.

May Jun

30 UOB hosts the Premier Talk, a form of media to engage with customers through a creative best practice sharing in a talk show format. 2 UOB holds the annual UOB Heartbeat Run/Walk in Semarang, Central Java to build upon the strong relationships developed with the community. 25 Donations from the sale of the Sukuk Ritel 005 retail government bonds made to underprivileged children through the Sahabat Anak Foundation.

Jul

1 UOB employees participate in a blood donation drive held in partnership with the Indonesian Red Cross. 5 UOB receives a Platinum award from Infobank magazine for excellent performance for more than 10 consecutive years. 15 UOB begins implementation of its core banking standardisation project. 31 UOB supports Indonesian young talents through the Kick Andy TV talk show.

Aug

21 UOB holds its first Foreign Direct Investment symposium for customers and foreign investors interested in expanding into Indonesia.

Sep

18 Call for entries begins for the UOB Painting of The Year to promote and encourage Indonesian artists. 21 UOB employees’ gather to celebrate the Islamic Idul Fitri and share happiness through donations given to children’s education through the Kick Andy Foundation.

Oct

23 UOB hosts its Golf Invitational, an event to build friendship and encourage the spirit of sport among UOB Indonesia customers.

Nov

3 UOB runs a financial education campaign through employee volunteering in the ‘Sehat Raga, Sehat Finansial’ in Jakarta.

Dec

1 UOB runs a financial education campaign through ‘Ayo Menabung’ in Semarang, Central Java in partnership with Bank Indonesia and other banks.


Awards

Best Structured and Commodity Trade Finance Solution of the year in Southeast Asia at the Alpha Southeast Asia Deal and Solution Awards 2013.

Best Corporate Bank in Indonesia 2013 at the International Finance Magazine Annual Financial Awards 2013.

Award in Finance and Corporate Communications for a Bank with Core capital of IDR5 trillion – IDR30 trillion category at the Anugerah Perbankan Indonesia 2013, held by Economic Review Magazine.

Platinum Award for excellent Financial Performance category for more than 10 consecutive years at Infobank Awards 2013 held by Infobank Magazine.

Corporate Milestones 1956

1950s 1972 1974 1975 1976

The Bank was founded as PT Bank Buana Indonesia and commenced operations.

1970s Acquired PT Bank Pembinaan Nasional, Bandung. Acquired PT Bank Kesejahteraan Masyarakat, Semarang. Acquired PT Bank Aman Makmur, Jakarta. Became a foreign-exchange bank.

1998

1990s 2000 2003 2004 2005 2007

2008

2009 14 | PT BANK UOB INDONESIA Annual Report 2013

Received a predicate category “A” from Bank Indonesia.

2000s Initial Public Offering and listing on both the Jakarta Stock Exchange and the Surabaya Stock Exchange. International Finance Corporation (IFC), a subsidiary of the World Bank, became the first foreign shareholder of the Bank through a Limited Public Offering II. • UOB International Investment Private Limited (UOBII) became the second largest shareholder after PT Sari Dasa Karsa. • Issued Subordinated Bond I. • IFC divested its stake in the Bank. • UOBII increased its ownership to 61.11 per cent and became the majority shareholder. • The Bank officially changed its name from PT Bank Buana Indonesia Tbk to PT Bank UOB Buana Tbk. • United Overseas Bank Limited (UOB), through UOBII, became the majority shareholder. • Extraordinary General Meeting of Shareholders approved the Bank’s privatisation plan. • UOBII increased its share ownership to 98.997 per cent through a tender offer. • Bank delisted its shares from the Indonesian Stock Exchange. Early redemption (call option) of Subordinated Bond I.

Long Term National Rank: “AAA (idn)” with Steady Prospect from Fitch Ratings Indonesia.

Best Service Provider Award in Trade Finance and Best Solutions and Structured Trade Finance in the Asset Triple A Transaction Banking Awards 2013 held by The Asset Magazine.

Contact Centre Service Excellence Award from Carre Centre for Costumer Satisfaction and Loyalty for Commercial Banking and Regular Credit Card category.

2010s 2010 2011 2012

Brand Equity Champion at the Indonesia Brand Champion Awards 2013 for Conventional Banks with Assets below IDR75 trillion category held by The Marketeers and Markplus Insight.

Award in category of Bank with STP achievement of 99.94 per cent in Elite Quality Recognition Award held by JP Morgan.

2013s Ex PT Bank UOB Indonesia merged with PT Bank UOB Buana. The Bank changed its name to PT Bank UOB Indonesia. The Bank together with UOB Group launched a new regional uniform for front liners, which represents professionalism and confidence.

2013

The Bank Implements the Core Banking Standarisation project to enhance its infrastructure system and improve the Bank’s services.


Report from the President Commissioner

Our people are our greatest asset. We will continue to invest in our people and equip them with the skills and knowledge to deliver consistently high quality work and service.

Following an uncertain start to 2013, the global economy found some stability in the second half of the year. In Asia, the region’s long-term economic fundamentals remained sound due to the spending power of the growing number of affluent consumers in the region and increasing intra-regional trade. Both factors helped to cushion the region against global financial headwinds. In the face of global uncertainty, the Indonesian economy actually grew by 5.78 per cent in 2013. PT Bank UOB Indonesia (UOBI) remained responsive to market opportunities. Our prudent and disciplined business approach helped us to achieve a net profit of IDR1.15 trillion in 2013, up from the IDR1.11 trillion reported in 2012. Our total assets reached IDR71.38 trillion, maintaining the momentum created from the merger between PT Bank UOB Buana and the former PT Bank UOB Indonesia in 2010. In July 2013, the full completion of the standardisation of our core banking system to the Group’s standards gave us an important means to deliver quality service to customers and to improve our operational efficiency.

a disciplined manner. We believe good corporate governance is essential to the vitality of the organisation and long term sustainability of the business. Looking ahead, we expect moderate growth in 2014 across Asia and in Indonesia but downside risks remain. Geopolitical events, asset price inflation and high debt, both public and private, could de-stabilise global growth and affect the region. We must therefore continue to exercise prudence and be vigilant against de-stabilising events while remaining responsive to market needs. On behalf of the Board of Commissioners, I thank our loyal customers for their continuing support, and our directors, management and staff for their dedication and hard work.

Our people are our greatest asset. We will continue to invest in our people and equip them with the skills and knowledge to deliver consistently high quality work and service. In UOBI, the Board of Commissioners and Board of Directors work together to put in place the right management culture and practices to ensure the Bank operates with the right mind-set in


Wee Cho Yaw President Commissioner March 2014

Report from the President Director

We achieved this success by paying close attention to our customers, controlling our costs, and improving both our infrastructure and the quality of our products.

2013 was a year of challenges for the Indonesian economy. The country’s economic growth was moderated due to inflationary pressures which were the result of cuts in fuel subsidies coupled with the volatility of the Rupiah. These challenges were among those that put the resilience of the country’s banking system to test, especially in the last two quarters of 2013. Sound Financials in 2013 PT Bank UOB Indonesia (UOBI) navigated these challenges successfully to record a net profit of IDR1.15 trillion in 2013. Our total assets increased by 20 per cent to IDR71.38 trillion in 2013, compared with the IDR59.37 trillion recorded in 2012. Our net loans increased by 16.63 per cent year on year (YOY) to IDR51.87 trillion. The composition of our loans remained stable with Commercial Banking accounting for 45.11 per cent of our loans portfolio, Business Banking 23.36 per cent, Corporate Banking 19.00 per cent and Personal Financial Services 12.53 per cent. Our third-party funds grew by 23.07 per cent YOY to IDR57.28 trillion, due largely to the growth in time deposits, savings and current accounts. Although our net interest margin recorded a slight decline to 4.55 per cent in 2013, our net interest income remained stable at IDR2.85 trillion.

Our business approach of balancing growth with stability was reflected in our relatively solid financial indicators including our Capital Adequacy Ratio of 14.94 per cent; a return on assets of 2.38 per cent; and a return on equity of 14.29 per cent. We also maintained our loan quality with a net non-performing loans ratio of 1.15 per cent, well below Bank Indonesia’s NPL standard of 5.00 per cent. We achieved this success with the support and trust from our customers. We strive for by paying close attention to controlling our costs, and improving our infrastructure and the quality of our products. The accolades awarded to us are a testimony to our efforts. In 2013, we garnered eight accolades across multiple disciplines and categories, including Best Service Provider, in Trade Finance and Best Solutions on Structured Trade Finance from The Asset Triple A Transaction Banking Awards 2013, Best Structured and Commodity Trade Finance Solution in Southeast Asia from the Alpha Southeast Asia Deal and Solution Awards 2013, and Best Corporate Bank in Indonesia 2013 from UK-based magazine International Finance.


Report from the President Director

New Core Banking System Over the last two years, the Bank has been working to upgrade its infrastructure system through a core banking standardisation project. In 2013, we completed this important project. The standardisation of our infrastructure helps to pave the way for greater operational efficiencies through scale, faster speed to market and seamless customer service. Commitment to our People and Organisation The progress of our business relies on our people and their ability and commitment to providing excellent customer service. We continue to nurture a high performance culture and a customer-centric mind-set with our employees. Every member of our team – from senior management to front-line bankers – must be confident and capable. We continue to invest in the skills necessary to develop our people and to sustain our successful long-term growth. Part of this is ensuring that we have the best learning and development programmes available from which our people can improve their skills and knowledge.


In our efforts to create synergies and enhance our customer service standards, we also strengthened our Single Captain approach in 2013. This meant granting branch management more authority to make timely and meaningful decisions to help our customers. The implementation of the approach has achieved solid results in 2013 and we will continue to review it on a regular basis in order to improve the customer service levels and productivity within each of our branches. Prudent Banking Practices Bank Indonesia’s recent regulations to enhance the prudential banking practices and Good Corporate Governance of financial institutions, as well as Anti-Money Laundering and Risk Based Bank Rating policies have not only been necessary but also right for the overall stability of financial markets and for customers. Following the introduction of these regulations, we formed a special working committee to review and strengthen the Bank’s risk framework.

Improving Quality Service As part of the Bank’s mission to provide the best banking services for our customers, UOBI continues to measure our customers’ satisfaction through an independent review called the Customer Satisfaction Index (CSI). Our efforts over the last three years to improve the quality of service have started to produce results with our CSI level increasing from 64.60 per cent in 2012 to 74.71 per cent in 2013. However, we will not simply rest on our laurels but continue to seek ways to find out how we can serve our customers better. Corporate Social Responsibility In 2013, we continued to focus our corporate social responsibility programmes in the fields of arts, children and education. We organised another successful UOB Painting of the Year Competition, garnering more than 1,624 paintings from approximately 800 established artists and aspiring artists. In 2013, we also took the step of organising our UOB Heartbeat Run/Walk Family Days in Semarang, Central Java, rather than in Jakarta, as part of our efforts to build stronger bonds with the communities where our branches are located. Through our fundraising efforts related to the run/walk, we raised more than IDR200 million for various foundations, including the Wisma Kasih Bunda Foundation which provides medical treatment to

underprivileged children with hydrocephalus and the Bhakti Asih Orphanage for disabled children where the funds went towards purchasing a vehicle to transport children with multiple disabilities. Our staff also took part in a series of voluntary initiatives, such as blood donations and banking education campaigns. Marching Towards Excellence UOBI remains committed to providing value for all stakeholders and shareholders. On behalf of the Board of Directors, I would like to offer my most sincere appreciation to our loyal customers who have trusted us to become their financial partner. I would also like to thank the Management and staff for their hard work and dedication and our shareholders for their continuous trust and support.

Armand Bachtiar Arief President Director March 2014


PT Bank UOB Indonesia 31 December 2013

Management Discussion and Analysis Contents 21 The National Banking Industry 21 Business Segments within the Bank 24 Financial Performance 35 Dividend Policy 36 Marketing 36 Customer Service 37 Business Prospect 37 Branding 37 Human Resources 40 Information Technology and Infrastructure

Management Discussion and Analysis THE NATIONAL BANKING INDUSTRY The Indonesian economy faced formidable challenges in 2013. The global economy faced continued uncertainty over the tapering of the US Federal Reserve monetary stimulus. This created a challenging environment for the Indonesian banking sector. Many banking regulations were tightened in order to minimise business risks, while the domestic economy was adversely affected by a trade balance deficit and a rise in consumer price inflation. The inflation rate almost doubled during the course of the year and was much higher than the 4.5 per cent targeted by Bank Indonesia. During the year, Bank Indonesia raised its policy rate by 175 basis points within six months, from 5.75 per cent in June 2013 to 7.50 per cent in December 2013. In the midst of these pressures, the resilience of the banking industry was reinforced, as reflected in a stronger Capital Adequacy Ratio (CAR), which increased from 17.3 per cent at the end of 2012 to 18.4 per cent at the end of 2013. The Indonesian banking intermediary role also improved, despite the slower lending activities induced by the economic slowdown and rising interest rates. The loan-to-deposit ratio (LDR) increased from 84.0 per cent at the end of 2012 to 90.6 per cent at the end of 2013. The rising interest rate prompted banks to be more cautious in disbursing loans. Accordingly, the Non-Performing Loans (NPLs) gross ratio improved from 1.9 per cent at the end of 2012 to 1.8 per cent at the end of 2013. BUSINESS SEGMENTS WITHIN THE BANK UOB Indonesia has classified its business into five segments based on customers’ requirements: 1. Personal Financial Services 2. Business Banking 3. Commercial Banking 4. Corporate Banking 5. Global Markets and Investment Management Personal Financial Services Personal Financial Services (PFS) contributed 12.53 per cent to total loans and 36.93 per cent to total deposits at the end of 2013. PFS serves personal or individual customers and covers Deposit Investment Insurance, Privilege Banking, Mortgage and Credit Card sub segments.

Deposit Investment Insurance (DII) DII includes a team of dedicated personal bankers and relationship managers who provide financial advisory services to customers. This includes products such as deposits, wealth management investment products, bancassurance, mutual funds, retail bonds, foreign exchange and structured product transactions. with. By the end of 2013, the total deposits gathered by DII reached IDR21.15 trillion. As part of this, DII create crossselling opportunities and bundled deposit products with treasury, investment and insurance products, thus, improving the Bank’s fee-based income, while providing a higher return to customers. In 2013, UOBI also engaged PT Prudential Life Assurance, PT Asuransi Aviva Indonesia, PT MNC Life Assurance, PT Asuransi Buana Independent, PT Asuransi Wahana Tata, PT Asuransi Adira Dinamika, PT BNP Paribas Investment Partner, PT Manulife Aset Manajemen Indonesia, PT Schroder Investment Management, PT Batavia Prosperindo Aset Manajemen, PT Danareksa Investment Management, and PT Mandiri Manajemen Investasi as business partners to provide investment and insurance services to customers. During the year, UOB Indonesia also launched new products by bundling time deposits with savings. The Bank also offered direct gifts for opening UOB Saving Plans and UOB Rupiah Savings to encourage customers to save regularly with UOB. Through the “UOB Golden Ticket” programme, which was launched in 2012, DII accumulated IDR517 billion in savings account balances from more than 6,000 customers who participated in this campaign during 2013. Privilege Banking UOB Privilege Banking provides banking products and services to cater for customers with total assets under management of IDR500 million and above. Our target market is affluent to high net worth customers who mostly reside in the major cities of Indonesia. In 2013, the Bank opened a new Privilege Banking Centre in Semarang, Central Java. The Bank offers various banking products, ranging from the well-known high yield account to mortgage and investment products, such as bancassurance and treasury products. Each UOB Privilege Banking customer is provided with a UOB ATM/ Debit Privilege Banking card and UOB Platinum credit card with attractive benefits from selected merchants.


Management Discussion and Analysis Customers can also enjoy regional overseas encashment from all of the UOB ATM networks in Singapore, Malaysia and Thailand. In addition, the Bank provides Privilege Medical Concierge and Privilege Education Concierge for customers who require such services abroad. The Bank also organises exclusive events and seminars with various topics, such as lifestyle, health, financial education and wealth planning, as well as other interesting topics with expert speakers. As of 31 December 2013, Privilege Banking IDR14.9 trillion with a total of 9,889 customers.

booked

Mortgage and Secured Lending Mortgage offers loan facilities for the purchase of houses, shop houses, home offices, apartments, home renovation/ construction, takeover mortgages, mortgage refinancing and other types of secured loans. The Bank offers products with attractive features, such as a competitive interest rates and fee packages, flexible instalment payments and a loan term of up to 20 years. At the end of 2013, the Bank’s mortgage and secured loan portfolio reached IDR5.5 trillion, an increase of 15.5 per cent from IDR4.8 trillion in 2012. High demand for housing spurred the growth of mortgage loans, yet opportunities remain to increase market share in the future. Several strategies were implemented to promote the growth of the mortgage portfolio during 2013, such as extending the cooperation with property developers and brokers, optimising the branch role as a sales channel and enhancing the existing loan origination system. In 2014, the Bank will continue to launch attractive programmes such as the ‘Home Smart Home Programme’ to help boost brand awareness and extend cooperation with reputable housing developers and property brokers throughout Indonesia. Credit Card The number of credit card holders increased by 13.65 per cent from 174,122 at the end of 2012 to 197,890 at the end of 2013, with a market share of 1.85 per cent.


An application scoring method was implemented for credit card applicants to achieve a higher accuracy in the credit analysis process. A fraud detection system was also introduced to help minimise the possibility of credit card fraud. The Bank will continue to strengthen collaboration with leading merchants, launch attractive usage programmes for dining, shopping and travelling, as well as strenghten its acquisition team to further expand its market share in the credit card segment. Business Banking Business Banking provides products and services to small to medium size enterprises. Business customers with a loan size up to IDR18.00 billion qualify for this segment. The loan facilities offered are typical investment and working capital loans. Business Banking’s loan portfolio has increased by 19.8 per cent from IDR10.192 trillion at the end of 2012 to IDR12.20 trillion at the end of 2013. Business Banking also offers deposit products which specifically target small to medium business customers. Deposits increased by 59.30 per cent from IDR2.63 trillion at the end of 2012 to IDR4.19 trillion at the end of 2013. One of the targets in 2014 is to focus on deposit acquisition with the key objective of lowering the overall cost of funds. Throughout 2013, Business Banking increased its market presence through external campaigns, such as ‘Member Get Member’ and a cooperation programme with reputable developers and dealers. At the end of 2013, Business Banking contributed 23.36 per cent to total loans and 7.32 per cent to total deposits. Commercial Banking Commercial Banking comprises three sub-segments: Enterprise Banking, Industry Group and Commercial Wealth Management. Enterprise Banking caters to mid-size commercial clients with loan sizes ranging between IDR18 billion and IDR50 billion. The Industry Group targets commercial clients with a loan size of IDR50 billion and above, or those with a consolidated turnover of up to SGD100 million or its equivalent.

The Industry Group offers loan facilities to customers according to their industry segment, such as Oil and Gas, Transportation, Infrastructure, and Commodities, in addition to providing officers with the expertise required to accommodate specific requirements of the respective industries. Going forward, Commercial Banking will be more active in exploring fee-based income opportunities through Trade, Treasury, Bancassurance and Investment Banking products. Amid the intense competition and tough economic conditions, the Industry Group and Enterprise Banking recorded IDR14.76 trillion and IDR8.80 trillion in loans, respectively, at the end of 2013. Total Commercial Banking loans increased by 19.5 per cent from IDR19.79 trillion at the end of 2012 to IDR23.56 trillion at the end of 2013, contributing 45.11 per cent to total loans in 2013. On the funding side, Commercial Wealth Management specialises in non-bank funding to support loan growth. One of the strategic plans for 2014 is to increase deposit size at a lower cost of funds. Deposits from Commercial Wealth Management increased by 10.62 per cent, from IDR13 trillion at the end of 2012 to IDR14.38 trillion at the end of 2013, contributing 25.10 per cent to total deposits. Corporate Banking Corporate Banking offers products and services to large private and public companies, as well as state-owned enterprises. It provides conventional, syndicated and structured loans tailored to meet specific client needs. Corporate Banking also provides financial advisory services and, together with a Cash Management product partner, offers escrow account management services. To provide specialised expert and value-added services, Corporate Banking categorises its customers into the following 5 (five) industry groups: 1. Mining, Contract Mining, and Commodities 2. Oil and Gas, Chemicals 3. Telecommunication, Media, Technology, and Utilities 4. Transport, Logistics, and Property 5. Food and Beverages as well as Agriculture The Corporate Banking loan portfolio size increased by 5.87 per cent from IDR9.37 trillion at the end of 2012 to IDR9.92 trillion at the end of 2013, contributing 19 per cent to total loans.

Corporate Wealth Management is a sub-segment of Corporate Banking that specialises in gathering deposits from large corporations. Total deposits accumulated by Corporate Banking increased by 82.94 per cent from IDR7.15 trillion at the end of 2012 to IDR13.08 trillion at the end of 2013, contributing 22.84 per cent to total deposits. In 2013, the Bank partnered with UOB Kay Hian Securities to issue a Tower Bersama Group IDR bond. This marked the first IDR bond issuance deal in the UOB franchise in Indonesia. Corporate Banking will continue to push the frontiers and strengthen the Bank’s franchise. Global Markets and Investment Management (GMIM) GMIM is responsible for managing the liquidity of the Bank, as well as conducting transactions such as money market, foreign exchange, derivatives, structured products, investment in marketable securities and many more. GMIM’s scope in liquidity management includes asset and liability management through money market transactions, together with the purchase and sale of securities. The range of products and services offered by GMIM in 2013 consists of: 1. Foreign exchange: Value Today, Value Tom and Spot. 2. Derivatives: Forward, Swap, Interest Rate Swap (IRS), Cross-Currency Swap (CCS). 3. Structured products: UOB MaxiYield. 4. Fixed income securities: government and retail bonds. 5. Money market: interbank placement and borrowing, SBI, SDBI, term deposits, lending facilities and deposit facilities. 6. Bankers Acceptance Financing. During 2013, GMIM made significant progress and garnered several achievements. On the advisory side, GMIM introduced for Foreign Exchange (FX) clients an enhanced service called the FX Electronic Dealing System (FEDS). The system is available at the GMIM Head Office, Regional Treasury Advisor and selected branches outside Jakarta. FEDS helps Relationship Managers to quote FX rates, thus improving the service speed to clients and enhancing the Treasury presence in the local market, which, in turn, will boost the FX business volume and revenue. In addition, the Bank has been re-appointed as selling agent for the Government’s retail bonds SUKRI 005 and ORI010. From Financial Institution (FI) side, GMIM has set up a new euro (EUR) account to increase remittance business. FI contributed 7.81 per cent to total Bank’s deposit at the end of 2013.


Management Discussion and Analysis In 2014, GMIM will concentrate on increasing its market share in derivative and hedging products. It will help Corporate and Commercial customers by offering hedging products to help protect against interest rate and FX movements. Transaction Banking Transaction Banking acts as a product partner for the Bank’s Corporate Banking, Commercial Banking and Business Banking segments. It provides products and services related to trade finance and cash management. Transaction Banking was established in October 2010 for the purpose of maximising cash management and trade finance business potential. In collaboration with Corporate Banking, Commercial Banking and Business Banking, Transaction Banking offers total banking solutions for clients. Initially, Transaction Banking catered to the large scale corporate segment. In 2013, Transaction Banking broadened its service capabilities and began supporting SME customers.

Cash Management The cash management business includes Current Accounts, Savings Accounts, Time Deposits, Escrow Accounts, Cheques, Accounts Pricing, Transaction Charging, Account Inquiry, Account History, Account Statements/MT940, transaction notifications via SMS, fax and email, Cash Pick Up/Cash Delivery/Cash Pack, payment service check/Bank Draft, funds transfer between accounts, funds transfer between banks via ATM Bersama network, SKN and RTGS, email transaction service, Bulk payment/Payroll, MT 103, Invoice Collection Solution, Cash Sweeping and Concentration. In 2013, the Bank won several prestigious regional awards. The first two awards were the “Triple A Transaction Banking Awards” in the category of ‘Best Logistic and Trading, Structured Trade Finance Solution in Indonesia’ and ‘Best Service Provider, Trade Finance in Indonesia’ from The Asset magazine. The third award was the ‘Best Structured Trade and Commodity Solution of the Year in Southeast Asia’ from the Alpha Southeast Asia magazine. Financial Performance

In 2013, Transaction Banking combined income contributed 17 per cent to the total income of the Bank. Transaction Banking’s wide range of products and services, as a total banking solution partner, comprise: Trade Finance Letter of Credit, SKBDN (local LC), Inward Bills Collection, Outward Bills Collection, Transferable LC, Shipping Guarantee, BG/SBLC, UPAS, TR, TR Clean, PEF (under LC and PO), Bills Purchased Credit, Export Bills Purchased, Invoice Financing, Secured Back to Back, Import LC Discounting, Supply Chain Financing.

Comprehensive Analysis on Financial Performance The following analysis and discussion should be read in conjunction with the annual financial statements for the years ending 31 December 2013 and 2012 included in this Annual Report, which have been audited by Purwantono, Suherman and Surja, registered public accountants (members of Ernst and Young Global) with an unqualified opinion in all material respects. The financial statements of PT Bank UOB Indonesia as of 31 December 2013 and 2012 were prepared in accordance with the accepted Financial Accounting Standards in Indonesia.

Statement of Comprehensive Income

Interest income Less: Interest Expenses Interest Income – Net Other Operating Income Less: Operating Expenses Income from Operations Non Operational Income - Net Income before Tax Expense Total Tax Expense Net Income for the year Other Comprehensive Income for the year – Net of Tax Total Comprehensive income for the year – Net of Tax


2012 2013 in IDR million 4,865,777 5,429,894 2,060,725 2,584,031 2,805,052 2,845,863 473,528 558,606 1,862,376 1,914,172 1,416,204 1,490,297 72,703 49,376 1,488,907 1,539,673 (377,190) (393,017) 1,111,717 1,146,656 32,691 (213,283) 1,144,408 933,373

Growth in percentages 11.59 25.39 1.45 17.97 2.78 5.23 (32.09) 3.41 4.20 3.14 (752.42) (18.44)

During the second half of 2013, the Bank Indonesia (BI) rate, which was used as a reference rate for the Indonesian banking industry, increased significantly from 5.75 per cent to 7.50 per cent, forcing up both the cost of sourcing funds and loan rates. However, such a sharp increase in the cost of servicing loans threatened to put a strain on household and business customers. To soften the blow to rate-sensitive sectors, the Bank had to lower the rate differentials. Furthermore, the growth of deposit balances during 2013 was higher than the growth of loan balances, which was in line with the Bank’s strategy of developing a funding base sufficient to support future loan growth. The combination of both factors resulted in a lower increment in Net Interest Margin. Net interest income increased by only 1.45 per cent from IDR2,845.86 billion in 2012 to IDR2,805.05 billion in 2013, while net profit increased by 3.14 per cent from IDR1,111.72 billion in 2012 to IDR1,146.66 billion in 2013.

In parallel with the growth in loans and higher average contractual annual interest rates, interest income from loans increased, albeit at a slower pace, by IDR346.37 billion or 7.64 per cent from IDR4,536.00 billion in 2012 to IDR4,882.36 billion in 2013. Interest income from loans accounted for 89.92 per cent of the total interest income of the bank. Interest Income from Financial Investments and Placements with Bank Indonesia Interest income from financial investments and placements with Bank Indonesia increased by IDR196.73 billion or 68.43 per cent from IDR287.48 billion in 2012 to IDR484.21 billion in 2013.

Interest Income

¢

Loans

¢

Financial investments and placements with Bank Indonesia

¢ ¢

2012 2013 Growth in IDR million in percentages 4,535,996 4,882,363 7.64 287,478

484,206

68.43

Placements with other banks

24,960

27,901

11.78

Current accounts with Bank Indonesia and other banks

17,343

35,424

104.26

4,865,777 5,429,894

11.59

Total

Interest Income from Loans In line with the movement of Bank Indonesia rates, the interest rates for IDR loans in 2013 were higher than in 2012. The higher average interest rate for IDR was primarily due to the upward trend in Bank Indonesia‘s interest rate during the second half of 2013, which gradually increased from 5.75 per cent in June 2013 to 7.50 per cent by the end of 2013. The average contractual annual interest rates for IDR loans in 2012 and 2013 were 10.98 per cent and 11.36 per cent, respectively. Despite the rising interest rates, IDR loans continued to grow throughout 2013. On the other hand, the Fed rate remained stable at 0.25 per cent throughout 2012 and 2013. Consequently, foreign currency loans experienced higher growth compared to IDR loans. The average contractual annual interest rate for foreign currency loans in 2012 and 2013 were 5.28 per cent and 5.63 per cent respectively.

2012

2013

This was attributable to two factors: the first was the increase in the overall balance of financial investments and placements with Bank Indonesia. The second contributing factor was the shift in fund allocation from placements with Bank Indonesia to financial investments which generated higher yield. The average annual interest rate on placements with banks declined from 3.90 per cent and 1.13 per cent in 2012 to 3.50 per cent and 0.20 per cent in 2013 for IDR and foreign currency placements respectively. In contrast, the annual interest rates on financial investments in 2013 was generally higher than in 2012. The annual interest rate on financial investments in IDR ranged from 4.24 per cent to 10.58 per cent in 2012 and from 4.89 per cent to 12.08 per cent in 2013. Meanwhile, the annual interest rates on financial investments in foreign currencies ranged from 1.21 per cent to 10.38 per cent in 2012 and from 1.34 per cent to 10.38 per cent in 2013. Interest income from financial investments and placements with Bank Indonesia accounted for 8.92 per cent of the total interest income of the Bank.


Management Discussion and Analysis Interest Income from Placements with Other Banks Interest income from placements with other banks increased by IDR2.94 billion or 11.78 per cent from IDR24.96 billion in 2012 to IDR27.90 billion in 2013. The increase was primarily due to the higher allocation of funds for placements with other banks, although the average annual interest rate for placements with banks was lower during 2013. The average annual interest rate for placements with banks declined from 3.90 per cent and 1.13 per cent in 2012 to 3.50 per cent and 0.20 per cent in 2013 for IDR and foreign currency placements, respectively. Interest income from placements with other banks accounted for 0.51 per cent of the total interest income of the bank. Interest Income from current accounts with Bank Indonesia and other banks There was an increase of IDR18.08 billion or 104.26 per cent in interest income from current accounts with Bank Indonesia and other banks from IDR17.34 billion in 2012 to IDR35.42 billion in 2013. The increase was mainly due to the higher balances of current accounts with Bank Indonesia and other banks.

Average annual deposit interest rates are as follows: 2012

2013

in percentages Average interest rates of: Time Deposits – IDR

6.29

7.04

Time Deposits – foreign currency

2.46

2.44

Saving Deposits – IDR

2.56

2.37

Saving Deposits – foreign currency

0.55

0.49

Demand Deposits – IDR

2.21

1.75

Demand Deposits – foreign currency

0.00

0.00

As shown on the table above, the average interest rate on IDR time deposits increased from 6.29 per cent in 2012 to 7.04 per cent in 2013. Meanwhile, the average interest rate for foreign currency time deposits slightly declined from 2.46 per cent in 2012 to 2.44 per cent in 2013, due to a shift in tenor composition. Both IDR and foreign currency term deposits experienced robust growth in 2013, which when coupled with the increase in IDR

Interest Expenses 2012

2013

in IDR million

Growth in percentages

¢

Time deposits

1,715,222

2,217,923

29.31

¢

Savings

119,940

139,080

15.96

¢

Demand deposits

114,853

74,424

(35.20)

¢

Premium on Government Guarantees

94,568

103,510

9.46

¢

Deposits from other banks

16,142

49,094

204.14

2,060,725

2,584,031

25.39

Total

Interest expense on Deposits The movements in interest rates on IDR and foreign currency deposits corresponded to the interest rate trends of Bank Indonesia and the Federal Reserve, respectively. In the second half of 2013, the volatile monetary conditions in Indonesia prompted by the trade deficit, depreciating IDR currency value and a high inflation rate, forced BI to increase its rate from 5.75 per cent to 7.50 per cent. Correspondingly, the cost of sourcing IDR funds in 2013 was considerably higher than in 2012.


2012

2013

interest rates, drove the interest expense from time deposits up by IDR502.70 billion or 29.31 per cent from IDR1.715 trillion to IDR2.217 trillion in 2013. Interest expense from time deposits accounted for 85.83 per cent of the total interest expense of the bank. Both the average interest rate for IDR and foreign currency savings deposits dropped slightly from 2.56 per cent and 0.55 per cent in 2012 to 2.37 per cent and 0.49 per cent in 2013. The drop was primarily due to a higher concentration of savings deposit balances in the lower interest tier; however, the growth in savings deposit balances more than offset the drop in interest rates, resulting in an increase of IDR19.14 billion or 15.96 per cent in interest expenses from saving deposits from IDR119.94 billion in 2012

to IDR139.08 billion in 2013. Interest expense from saving deposits accounted for 5.38 per cent of the total interest expense of the bank. The average interest rate for IDR demand deposits also dropped slightly from 2.21 per cent in 2012 to 1.75 per cent in 2013, while the average interest rate for foreign currency demand deposits decreased slightly from 0 per cent in both 2012 and 2013. The drop in average interest rates for IDR demand deposits was primarily due to the higher concentration of IDR demand deposit balances in the lower interest tier. The growth in the balance of demand deposits could not compensate for the drop in interest rates and the increase in the foreign currency demand deposit composition. Accordingly, the interest expense from demand deposits decreased by IDR40.43 billion or 35.20 per cent from IDR114.85 billion in 2012 to IDR74.42 billion in 2013. The interest expense from demand deposits accounted for 2.88 per cent of the total interest expense of the Bank. Overall, total interest expense from non-bank deposits increased by IDR481.41 billion or 24.69 per cent from IDR1.950 trillion in 2012 to IDR2.431 trillion in 2013, which was consistent with the increasing interest rate trend of Bank Indonesia. Interest expenses from non-bank deposits contributed 94.9 per cent to the total interest expense in 2013. Interest expense – Premium on Government Guarantees In compliance with the regulations issued by the Indonesian Deposit Insurance Corporation, the Bank must pay a premium on its non-bank deposit portfolio. Throughout the year 2013, the insurance premium paid by the Bank amounted to IDR103.51billion and was recorded as a part of the total interest expense. Since the premium was a fixed percentage of the balance of non-bank deposits, the amount of insurance premium paid corresponded to the growth in non-bank deposit balances. The premium on government guarantees rose by IDR8.94 billion or 9.46 per cent, from IDR94.57 billion in 2012 to IDR103.51 billion in 2013. The government guarantee premium accounted for 4.01 per cent of total interest expense incurred by the Bank in 2013. Interest expense on deposits from other banks The interest expenses from deposits from other banks increased by IDR32.95 billion or 204.14 per cent from IDR16.14 billion in 2012 to IDR49.09 billion in 2013. The increase was due to a higher average annual interest rate for deposits from other banks, both IDR and foreign currency, from 4.38 per cent and 0.26 per cent in 2012 to 4.47 per cent and 0.46 per cent in 2013 respectively. Interest expenses on deposits from other banks contributed 1.90 per cent to the total interest expense of the Bank in 2013.

Other Operating Income Other operating income was derived from Administration fees and commissions, realised and unrealised gain from trading securities, gain from foreign currency transactions and other miscellaneous income. The Bank’s trading desk was able to utilise opportunities which arose from market fluctuations in 2013. Accordingly, realised and unrealised gain from trading securities increased considerably by IDR68.75billion or 92.70 per cent from IDR74.16 billion in 2012 to IDR142.90 billion in 2013. As with the securities market, the exchange rate market also fluctuated quite drastically. As a result, the Bank was able to take the opportunity from the currency fluctuation and increased gain from foreign currency transactions by IDR37.89 billion or 34.82 per cent from IDR108.81 billion in 2012 to IDR143.71 billion in 2013. The increase in gain from trading securities and foreign currency transactions was slightly offset by a narrow decline in administration fees and commissions, as well as other miscellaneous income. Administration fees and commissions decreased by IDR10.23 billion or 5.28 per cent from 193.67 billion in 2012 to IDR183.44 billion in 2013. Meanwhile, other miscellaneous income decreased by IDR11.33 billion or 11.70 per cent from IDR96.89 billion in 2012 to IDR85.55 billion in 2013. Overall, other operating income grew by IDR85.08 billion or 17.97 per cent from IDR473.53 billion in 2012 to IDR558.61 billion in 2013. Table of Other Operating Income

2012

2013

in IDR million Administration fees and commissions - net Realised and unrealised gain on securities sold and from changes in fair value of trading securities - net Gain from foreign currency transactions Others - net Total Other Operating Income - net


193,674

183,444

(5.28)

74,156

142,901

92.70

108,813

146,707

34.82

96,885

85,554

(11.70)

473,528

558,606

17.97


Management Discussion and Analysis from non-performing loan reversals and sales of foreclosed assets amounting to IDR133.09 billion.

Operating Expenses Table of operating expenses

2012

2013

in IDR million


Provision for (reversal of) impairment losses: Financial assets and estimated losses on commitments and contingencies Value of foreclosed assets Salaries and employees’ benefits General and administrative expenses Total operating expenses

(68,198)

73,038

(207.10)

(6,386)

8,951

(240.17)

(1,155,496) (1,252,413)

8.39

(632,296)

(743,748)

17.63

(1,862,376) (1,914,172)

2.78

Salaries and employee benefits increased by IDR 96.92 billion or 8.39 per cent from IDR1.156 trillion in 2012 to IDR1.252 trillion in 2013. The growth was attributable to the annual salary increment for staff. Furthermore, the Bank strived to develop its human resources through training programmes to empower the leaders and improve the business skills of the staff, which in turn triggered an increase in training and development expenses in 2013.

Overall, total operating expense grew by IDR51.80 billion or 2.78 per cent from IDR1.862 trillion in 2012 to IDR1.914 trillion in 2013. Income from Operations Income generated from operational activities grew by IDR74.09 billion or 5.23 per cent from IDR1.416 trillion in 2012 to IDR1.490 trillion in 2013. The increase was mainly due to gains from trading securities and foreign currency transactions, and growth in net interest income, as well as the reversal of provisions for impairment losses. Tax Expense Based on existing tax regulations, the tax rate is proportional at 25.00 per cent of profit before tax. As explained before, operating income increased by 5.23 per cent in 2013. After taking into account the non-operational income of IDR49.38 billion, total profit before tax amounted to IDR1.540 trillion. Since tax was calculated proportionally at 25.00 per cent of profit before tax, tax expenses in 2013 experienced an increase of IDR15.83 billion or 4.20 per cent from IDR377.19 billion in 2012 to IDR393.02 billion in 2013. Net Income Since both operational and non-operational profits grew, net profit after tax also experienced an increase of IDR34.94 billion or 3.14 per cent from IDR1.112 trillion in 2012 to IDR1.147 trillion in 2013. Assets Table of assets

2012

General and administrative expenses increased by IDR111.45 billion or 17.63 per cent from IDR632.30 billion in 2012 to IDR743.75 billion in 2013. The increase was primarily due to higher utility expense as a result of a rising electricity tariff, higher rental expense driven by the property market bubble, and higher repair and maintenance expenses for building and equipment restoration following the flood and fire incidents.

Cash Current Account with Bank Indonesia Current Accounts with other Banks Placement with Bank Indonesia and other Banks

The increase in personnel, as well as general and administrative expenses, were partly offset by the considerable decrease in provision for impairment losses. Provision for impairment losses on financial assets and estimated losses on commitments and contingencies decreased by IDR141.24 billion or 207.10 per cent from IDR68.20 billion in 2012 to (IDR73.04) billion in 2013. Likewise, provision for impairment losses on the value of foreclosed assets decreased by IDR15.34 billion or 240.17 per cent from IDR6.39 billion in 2012 to IDR8.95 billion in 2013. The reduction in impairment losses on loans and foreclosed assets was due to the reversal of provisions resulting

Trading Securities and Financial Investments - net Derivative Receivables Loans - net Acceptance Receivables - net Fixed assets - net book value Other assets - net


Total Assets

2013

Growth in in IDR million percentages 418,425 662,074 58.23 4,047,388 4,760,162 17.61 897,058

1,160,900

29.41

2,749,604

3,119,976

13.47

3,963,739

6,224,250

57.03

113,482 350,281 44,475,906 51,870,440 1,406,502 1,843,155

208.67 16.63 31.05

882,182

984,471

11.59

418,789

406,498

(2.94)

59,373,075 71,382,207

20.23

During 2013, total assets grew by IDR12.009 trillion or 20.23 per cent from IDR59.373 trillion at the end of 2012 to IDR71.382 trillion as at 31 December 2013. During 2013, the growth of assets derived mostly from the growth of loans and placement of funds in the form of securities and financial investments. Loans - net Loans were the main productive asset instrumental in promoting the Bank’s profitability, with the largest contribution to total interest income. As at 31 December 2013, loans accounted for 72.67 per cent of the Bank’s total assets. Total outstanding loans went up from IDR44.476 trillion in 2012 to IDR51.870 trillion in 2013, a considerable increase of IDR7.394 trillion or 16.63 per cent, primarily due to growth in investment loans. Loans ¢ Working

In all loan transactions, the Bank continued to implement prudential principles through the provision for impairment losses. During 2013, the Bank had a reduction in nonperforming loans due to asset foreclosures. This reduction also affected the allowance for impairment losses, which declined by IDR157.23 billion or 31.27 per cent from IDR502.88 billion in 2012 to IDR345.65 billion in 2013. Derivative Receivables Our derivatives comprised Forward, Interest Rate Swap (IRS) and Cross Currency Interest Rate Swap (CCS). The components that affect Marked-to-Market valuations are exchange rates and interest rates. The USD/IDR exchange rate increased from 9,638 as of 31 December 2012 to 12,170 as of 31 December 2013. Simultaneously, JIBOR increased in parallel with the rising BI rate, which increased from 5.75 per cent as at 31 December 2012 to 7.50 per cent as at 31 December 2013.

2012 2013 Growth in IDR million in percentages 18,241,880 19,884,207 9

Capital ¢ Investments ¢ Housing Loans

16,272,930 19,368,216

19

4,245,461

4,657,120

10

¢ Credit Cards

867,579

1,019,570

18

¢ UOB Multi

520,777

872,192

67

28,585

34,175

20

4,801,571

6,380,612

33

44,978,783 52,216,092

16

2012

2013

Purpose Loans ¢ UOB Vehicle

Loans ¢ Other

Total

Bank’s loan portfolio is categorised into several segments. This classification is based on product type, customer nature and loan size. The composition of the loan portfolio per segment is illustrated in the following table: Business Segment Retail Banking Commercial Banking Corporate Banking Consumer Banking Total Loans

2012 2013 Growth in IDR million in percentages 10,172 12,198 19.92 19,792

23,557

19.02

9,373

9,916

5.79

5,642

6,545

16.00

44,979

52,216

16.09

The movements in both interest rate and exchange rate influenced the fair value of derivatives, resulting in a higher derivative receivable, which increased from IDR113.48 billion at the end of 2012 to IDR350.28 billion at the end of 2013. Acceptance Receivables Acceptance receivables refers to trade finance arising from import bills, supported by letters of credit received from third party customers. During 2013, acceptance receivables increased by IDR436,65 billion or 31.05 per cent from IDR1.406 trillion in 2012 to IDR1.843 trillion in 2013, primarily due to increased export and import transactions using trade finance facilities from the Bank.


Management Discussion and Analysis Current Assets The Bank has always optimised its treasury operation to manage the liquidity position of the Bank through placement of funds in several types of liquid assets. Current assets of the Bank consisted of: Cash Cash balances as of 31 December 2013 amounted to IDR662.07 billion, an increase of IDR243.65 billion or 58.23 per cent compared to the cash balance as at 31 December 2012, which was IDR418.43 billion. The cash was used for daily banking cash transactions.

Non-Current Assets Non-Current Assets mostly comprised fixed assets and foreclosed assets. As of 31 December 2013, fixed assets increased by IDR102.29 billion or 11.59 per cent from IDR882.18 billion in 2012 to IDR984.47 billion in 2013. The increase was attributable to additional fixed assets purchased for new branches opened during 2013. At the same time, the balance of foreclosed assets was reduced by IDR32.23 billion or 33.90 per cent from IDR103.92 billion in 2012 to IDR68.69 billion in 2013. As explained before, the reduction was due to the sale of foreclosed assets.

Current Account with Bank Indonesia The higher non-bank deposit balance in 2013 warranted additional placement of funds in the current account with Bank Indonesia. Accordingly, there was an increase of IDR712.77 billion or 17.61 per cent, from IDR4,047.39 billion in 2012 to IDR4,760.16 billion in 2013.

Liabilities

As at 31 December 2013, the balance of the current account with Bank Indonesia was in compliance with Bank Indonesia regulations on Minimum Reserve Requirement.

Deposits

Current Accounts with Other Banks Current accounts with other banks increased by IDR263.84 billion or 29.41 per cent from IDR897.06 billion in 2012 to IDR1.161 trillion as at 31 December 2013. Placement with Bank Indonesia and Other Banks There was an increase of IDR370.37 billion or 13.47 per cent in the placement of balances with Bank Indonesia and other banks from IDR2.750 trillion in 2012 to IDR3.120 trillion as at 31 December 2013. Placement with Bank Indonesia and other banks is temporary fund allocation to optimise the Bank’s liquidity before being funneled to other products of the Bank which have higher return rate, e.g. loans. Securities and Financial Investment Bank Indonesia issued a new regulation; No.15/7/PBI/2013, on 26 September 2013, which in effect raised the secondary reserve requirement from 2.50 per cent to 4.00 per cent of total non-bank deposits. In addition, Certificates of Bank Indonesia and government bonds were also used for temporary placement of excess liquidity. Accordingly, the balance of securities and financial investments experienced an increase of IDR2.261 trillion or 57.03 per cent from IDR3.964 trillion in 2012 to IDR6.224 trillion as 31 December 2013.


Table of liabilities

2012

Current Liabilities Deposits from other Banks Interests Payable Taxes Payable Derivatives Payable

2013

Growth in in IDR million percentages 217,802 67,723 (68.91) 46,538,918 57,278,434 1,681,653

23.08

1,597,619

(5.00)

151,373

196,174

29.60

85,071

131,331

54.38

116,151

354,031

204.80

1,389,757

1,845,261

32.78

Liabilities for Employees’ Benefits

69,982

78,720

12.49

Deferred Tax Liabilities - net

40,181

39,589

(1.47)

500,460

524,715

4.85

50,791,348 62,113,597

22.29

Acceptances Payable

Other Liabilities Total Liabilities

During 2013, total liabilities increased by IDR11.322 trillion or 22.29 per cent from IDR50.791 trillion at the close of 2012 to IDR62.114 trillion as at 31 December 2013. The growth was primarily fuelled by the increase in non-bank deposits in 2013. Non-bank Deposits To finance the growth of its loan portfolio, the Bank has always strived to increase the non-bank deposit balance. As mentioned previously, Bank Indonesia had gradually increased its interest rate from 5.75 per cent to 7.50 per cent during the second half of 2013. The rise in the Bank Indonesia interest rate spurred an increase in interest rates for deposits, which promoted the growth of non-bank deposits.

As at 31 December 2013, total non-bank deposits had increased by IDR10.740 trillion or 23.08 per cent from IDR46.539 trillion in 2012 to IDR57.278.43 trillion as of the end of 2013. The breakdown of non-bank deposit balances was as follows: • Demand Deposits experienced an increase of IDR348.93 billion or 7.00 per cent from IDR4.987 trillion in 2012 to IDR5.336 trillion in 2013. Demand deposits contributed 9.32 per cent to total non-bank deposits. • Savings Deposits experienced an increase of IDR1.124 trillion or 13.77 per cent from IDR8.165 trillion in 2012 to IDR9.289 trillion in 2013. Savings deposits contributed 16.22 per cent to total non-bank deposits. • Time Deposits experienced an increase of IDR9.267 trillion or 27.75 per cent from IDR33.387 trillion in 2012 to IDR42,654 trillion in 2013. Time deposits contributed 74.47 per cent to total non-bank deposits. The growth in non-bank deposits was mainly driven by the growth in IDR term deposits. This corresponded with the increase in the average annual interest rate for IDR term deposits. Deposits from Other Banks Deposits from other banks decreased by IDR84.03 billion or 5.00 per cent from IDR1.682 trillion at the end of 2012 to IDR1.598 trillion at the end of 2013. Derivatives Payable Derivatives comprised Forward, Interest Rate Swaps (IRS) and Cross Currency Interest Rate Swaps (CCS). The components that affect Marked-to-Market valuation are the exchange rate and the interest rate. The USD/IDR exchange rate increased from 9,638 as at 31 December 2012 to 12,170 as at December 2013. Simultaneously, JIBOR increased in parallel with the rising BI rate, which increased from 5.75 per cent as at 31 December 2012 to 7.50 per cent as at 31 December 2013. Both movements in interest rate and exchange rate had influenced the fair value of derivatives, resulting in higher derivatives payable, which increased from IDR116.15 billion at the end of 2012 to IDR354.03 billion at the end of 2013. Acceptances Payable Acceptances payable refers to trade finance arising from import bills, supported by letters of credit received from third party customers. During 2013, acceptances payable increased by IDR455.50 billion or 32.78 per cent from IDR1.390 trillion in 2012 to IDR1.845 trillion in 2013 primarily due to increased export and import transactions using the Bank’s trade finance facilities.

Equity There was no additional paid-in capital during 2013. Change in equity was influenced by net profit and unrealised loss on securities available for sale. As at 31 December 2013, total equity grew by IDR686.88 billion or 8.00 per cent from IDR8.582 trillion in 2012 to IDR9.269 trillion at the end of 2013. During 2013, the Bank achieved a net profit of IDR1.147 trillion and distributed dividends to in the amount of IDR246.49 billion. Table of Equity

2012 2013 Growth in IDR million in percentages 2,388,471 2,388,471 -

Share Capital Additional Paid in Capital - net

812,595

2,102,242

158.71

1,289,647

-

(100.00)

35,868

(177,415)

(594.63)

Retained Earnings

4,055,146

4,955,312

22.19

Total Equity

8,581,727

9,268,610

8.00

Difference in the value of restructuring transactions of entities under common control Unrealised (loss)/ gain on availablefor-sale-securities - net

Capital Structure The Bank’s policy is to maintain a healthy capital structure. In 2013, 87.02 per cent of total assets were financed by liabilities and the remaining 12.98 per cent by equity. The Capital Adequacy Ratio (CAR) reached 14.94 per cent in 2013, well above the Bank Indonesia minimum requirement, based on the Bank’s risk profile of 9 per cent-<10 per cent. Given the current capital structure, the Bank has sufficient capital to cover market risk, credit risk and operational risk on its entire portfolio. As at 31 December 2013, the Bank has made adjustment on projected “difference from the value of restructuring transaction of entities under common control” against “additional paid-in capital” in the amount of IDR1,289.65 billion to fulfill PSAK No. 38 (as revised in 2013).


Management Discussion and Analysis Cash Flow

The following are financial ratios used in the banking industry to measure profitability, liquidity and solvency.

Table of statement of cash flow

2012

2013

4,186,482

Growth in percentages 170.99

(57,418) (3,074,286)

5,254.22

in IDR million Net cash provided by operating activities

1,544,905

Net cash used in investing activities

Net cash provided (1,220,917) by/(used in) financing activities Net increase in cash and cash equivalent

266,570

(246,490)

(79.81)

865,706

224.76

During 2013, the Bank generated IDR4.186 trillion in net cash inflow from operational activities mainly derived from interest income as well as from third party deposits. Net cash outflow of IDR3.074 trillion for investment activities was utilised for the purchase of securities and infrastructure improvement. Additionally, a net cash outflow of IDR246.49 billion for financing activities was spent on dividend payments to shareholders. Banking Financial Ratios in relation to the solvency, liquidity and profitability of the Bank

Solvency Capital Adequacy Ratio (CAR) CAR decreased from 16.77 per cent in 2012 to 14.94 per cent in 2013. The decline was attributable to a significant increase of 20.23 per cent in productive assets during 2013, mainly driven by loan disbursements, while equity increased by only 8.00 per cent. In accordance with BI regulations, the minimum Capital Adequacy Ratio requirement for the Bank, based on the Bank’s risk profile was at 9 per cent -<10 per cent. Even though the current year’s ratio was lower than the previous year’s, considering that the Bank’s CAR is 14.94 per cent, well above the minimum requirement set by BI, we could safely assume that the Bank’s capital would be able to cover the market, credit and operational risk. Non-Performing Loan Ratio The gross NPL ratio decreased from 1.81 per cent in 2012 to 1.63 per cent in 2013, partly due to the reversal of nonperforming loans resulting from asset foreclosure in 2013. The Net NPL ratio increased from 1.13 per cent in 2012 to 1.15 per cent in 2013. The existing net NPL ratio is well below the maximum limit of 5 per cent set by Bank Indonesia. This reflected the Bank’s commitment to managing its credit risk through the implementation of prudent banking principles.

Table of financial ratios

Capital Adequacy Ratio Non-Performing Loan Ratio – gross Non-Performing Loan Ratio – net Loan to Deposits Ratio Net interest income to average total earning assets Operational expenses to Operating Income

2012 2013 Growth in percentages 16.77 14.94 (1.83) 1.81

1.63

(0.18)

1.13

1.15

0.02

96.64

91.15

(5.49)

5.07

4.55

(0.52)

74.61

77.70

3.09

Return non-assets

2.60

2.38

(0.22)

Return non-equity

14.97

14.29

(0.68)


Liquidity Loan to Deposit Ratio The LDR decreased from 96.64 per cent at the end of 2012 to 91.15 per cent at the end of 2013. The decrease in the LDR was due to significant deposit growth. During 2013, non-bank deposits increased by 24.69 per cent, while loans increased at a slower rate of 16.63 per cent . This is in line with the Bank’s strategy to grow our deposit base to support future loan growth.

Profitability Net Interest Margin Net interest margins in 2012 and 2013 were 5.07 per cent and 4.55 per cent respectively. As mentioned previously, Bank Indonesia increased its rate from 5.75 per cent to 7.50 per cent during the second half of 2013, pushing up both the cost of funding and the cost of servicing loans. However, such a sharp increase in loan rates might put a strain on household and business customers. Hence, to ease the impact on rate sensitive sectors, the Bank lowered the rate differential. The effect is compounded by a higher growth of deposit balances compared to loan balances during 2013, which was part of the Bank’s strategy to establish a sufficient funding base to support future loan growth. The combination of both factors compressed the net interest margin, resulting in a lower net interest income to average total earning assets ratio in 2013.

Operational Expenses to Operational Income Ratio This ratio increased from 74.61 per cent in 2012 to 77.70 per cent in 2013. The growth of operational expenses in 2013 was 13.48 per cent, while the growth of operational income was 8.97 per cent. The slower growth of operational income was due to lower net interest income growth in 2013. Return on Assets ROA decreased from 2.60 per cent in 2012 to 2.38 per cent in 2013. The decrease was due to the growth of assets by 20.23 per cent in 2013, while profit after tax only grew by 3.14 per cent. Return on Equity ROE was quite stable, with only a slight decrease from 14.97 per cent in 2012 to 14.29 per cent in 2013. The decrease was due to the growth of equity by 8.00 per cent in 2013, while profit after tax only grew by 3.14 per cent. Commitment and Contingencies Commitment and contingencies increased by IDR14,971.13 billion or 181.81 per cent from IDR8,234.36 billion in 2012 to IDR23,205.49 billion in 2013, due to the increase both in number and volume of loan and acceptance transactions during 2013.

Table of commitment and contingencies

2012 2013 in IDR million


Commitment Commitment receivables consists of: Outstanding irrevocable letters of credit

1,287,469

27,139

(97.89)

Unused loan facilities granted

(7,706,149)

(20,201,547)

162.15

Outstanding irrevocable letters of credit

(1,309,164)

(1,621,288)

23.84

(7,727,844)

(21,795,696)

182.04

Interest on non - performing loans

386,751

478,086

23.62

Standby letters of credit

274,741

-

(100.00)

Bank Guarantees

(893,267)

(1,102,928)

23.47

Standby letters of credit

(274,741)

(784,953)

185.71

(506,516)

(1,409,795)

178.33

(8,234,360)

(23,205,491)

181.81

Commitment liabilities consists of:

Commitment liabilities - net Contingencies Contingencies receivables consists of:

Contingencies liabilities consists of:

Contingent letters liabilities - net Commitments and Contingent liabilities - net


Management Discussion and Analysis Derivatives and Hedging Facilities The Bank also offered derivative products to cater for specific requirements from customers, as well as for the purpose of liquidity management and hedging. Derivative and hedging facilities offered to customers were forward exchange, interest rate swap and cross currency interest rate swap. Capital expenditures and material commitments related to capital expenditures During 2013, the Bank incurred the following capital expenditures: Table of capital expenditures of the Bank

2012

2013

in IDR million

Land

1,084

-

Buildings and Buildings Improvement

2,475

58,065

Infrastructure Offices Equipment Vehicles

9,506

7,840

77,867

213,285

3,483

63

86,712

-

Total Capital Expenditures

181,127

279,253

Cash Paid for Capital Expenditures

151,296

192,527

Construction in Progress

Total capital expenditures grew by IDR98.13 billion or 54.18 per cent from IDR181.13 billion in 2012 to IDR279.25 billion in 2013. Most of the capital expenditure was spent on new branches and facilities to improve service quality to customers. Financial Information of Extraordinary Events There was no extraordinary event in 2012 or in 2013 that had a material impact on the Bank’s financial performance. Material Information and Facts Subsequent to the Accountant’s Report Date The Bank proposed an initial public offering of subordinated bonds Bank UOB Indonesia year 2014 with the principal amount of subordinated bonds amounting to as much as IDR1 trillion. Material Information on Related Party Transaction The details of related party transactions as at the end of 2013 were as follows: 1. The Bank received a placement of funds from United Overseas Bank Ltd., Singapore in the form of call money and demand deposits amounting to IDR1,010 trillion and IDR3.95 billion respectively.


2. The Bank made placements with United Overseas Bank Ltd., Singapore in the form of call money amounting to IDR246.97 billion. 3. The Bank had current accounts with United Overseas Bank Ltd., Singapore and several other overseas fellow subsidiaries which totalled to IDR394.34 billion. 4. The Bank entered into derivative transactions with United Overseas Bank Ltd., Singapore, which resulted in a derivatives receivable balance of IDR0.99 billion for Cross Currency Interest Rate Swaps and derivatives payable balances of IDR4.67 billion for cross currency interest rate swaps and IDR3.32 billion for interest rate swaps. 5. The Bank paid building maintenance expenses for UOB Plaza – Thamrin Nine to PT UOB Property. 6. The Bank paid outsourcing fees on services performed by United Overseas Bank Ltd., Singapore, for rendering system enhancement and information technology related services on credit card, treasury and common applications in the Bank. 7. The Bank had an outstanding staff loan balance which totalled IDR407.66 billion. Impact of the Interest Rate Change on Bank Performance The Bank Indonesia rate and Fed rate are considered the reference rates for the Indonesian banking industry. Movement in the Bank Indonesia rate and Fed rate would typically influence the movement of deposit and loan rates in IDR and USD currency respectively. 2013 was a very challenging year for Indonesia. The country faced a high inflation rate, trade deficit, weakening IDR value, and uncertainty in the financial sector, due to the negative sentiment on the announcement of the tapering of US quantitative easing policies. The Bank Indonesia rate is a tool for monetary policy which is used by the government to influence economic growth, inflation and exchange rates with other currencies. To tackle the macroeconomic obstacles, Bank Indonesia gradually increased its rate from 5.75 per cent to 7.50 per cent during the second half of 2013. The 175 bps increase within such short time span was a doubleedged sword for the Bank. On the one hand, interest rates for IDR deposits rose immediately, forcing the cost of funding up. On the other hand, such a drastic increase puts a strain on lending customers. Consequently, to alleviate the impact on lending customers, the Bank lowered the rate differentials. The average IDR time deposit rate increased by 75bps from 6.29 per cent in 2012 to 7.04 per cent in 2013, while the average

IDR loan rate increased by only 38bps, from 10.98 per cent in 2012 to 11.36 per cent in 2013. The Fed rate remained stable at 0.25 per cent during 2012 and 2013. Correspondingly, interest rates for USD time deposits and USD loans remained stable throughout the year. Most of the Bank’s foreign currency loans and deposits are in USD. The average foreign currency time deposit rate decreased by 2bps from 2.46 per cent in 2012 to 2.44 per cent in 2013, while the average USD loan rate increased by only 35bps, from 5.28 per cent in 2012 to 5.63 per cent in 2013. The movement in USD was mainly due to a change in tenure composition. Despite the contraction of IDR rate differentials which led to the narrowing of the Bank’s net interest margin in 2013, the Bank managed to weather economic instability during the year and increased the loan and deposit balances by 16.63 per cent and 23.08 per cent respectively. Changes in Bank Indonesia Regulations and the Impact on the Bank’s Performance On 26 September 2013, Bank Indonesia (BI) issued Regulation No.15/7/PBI/2013, to amend the previous regulation on Minimum Reserve Requirement (GWM). The amendment states the following secondary reserve requirement: 1. 2.50 per cent of average IDR non-bank deposits until 30th September 2013 2. 3.00 per cent of average IDR non-bank deposits from 1st October 2013 to 31st October 2013 3. 3.50 per cent of average IDR non-bank deposits from 1st November 2013 to 1st December 2013 4. 4.00 per cent of average IDR non-bank deposits from 2nd December 2013 onwards The new regulation, in effect, warrants higher placement in government securities such as Certificate of Bank Indonesia and other types of government bonds. Accordingly, the balance of securities and financial investments experienced an increase of 57.03 per cent in 2013. The Bank’s secondary reserve as of the end of 2013 was 9.06 per cent , well above the minimum requirement set by Bank Indonesia.

Changes in Accounting Policy and their Impact on Financial Statements Effective 1 January 2013, the Bank prospectively adopted PSAK No.38, “Business Combinations of Entities Under Common Control”, which supersedes PSAK No.38 (Revised 2004), “Accounting for Restructuring of Entities Under Common Control”. Under PSAK No.38, transfer of business within entities under common control does not result in a change in the economic substance of ownership of the business being transferred and would not result in a gain or loss to the Bank or to the individual entity within the Bank. Since the transfer of business of entities under common control does not result in a change in the economic substance, the business being exchanged is recorded at book value as a business combination using the pooling-of-interests method. In applying the poolingof-interests method, the components of the financial statements for the period, during which the restructuring occurred and for other periods presented, for comparison purposes, are presented in such a manner as if the restructuring had already happened since the beginning of the periods during which the entities were under common control. The difference between the carrying amounts of the business combination transaction and the consideration transferred is recognized under the account “Additional Paid-in Capital – Net”. As of 31 December 2013, the transition from “Difference in the value of restructuring transactions of entities under common control” to “Additional Paid-in Capital resulted in an adjustment in the amount of IDR1.290 trillion. The impact of this accounting policy change is in the presentation details of shareholders’ equity. However, other than reclassification to the relevant accounts, there were no significant changes in the balance of total equity. DIVIDEND POLICY Distribution of dividends will depend on the decisions taken in the Annual Shareholders’ Meeting through the recommendation of the Board of Directors. The following factors are considered when deciding dividend pay-outs: • Net profit, cash flow and financial condition; • Future prospects; and • Other factors deemed relevant by the shareholders of the Bank. At the Shareholders’ Annual General Meeting held on 26 April 2013, the shareholders agreed to distribute total dividends for the 2012 fiscal year amounting to IDR246.49 billion. The dividend was paid on 8 May 2013.


Management Discussion and Analysis MARKETING As at 31 December 2013, the Bank had total assets of IDR71 trillion, or approximately 1.40 per cent of the banking industry. In terms of third-party funds, UOB Indonesia’s market share is approximately 1.60 per cent, while the lending side’s market share is about 1.60 per cent. To help customers diversify their investment portfolios, the Bank partners with reputable fund managers including PT Schroder Investment Management Indonesia, PT Manulife Aset Manajemen Indonesia, PT BNP Paribas Investment Partner, PT Danareksa Investment Management, PT Batavia Prosperindo Aset Manajemen and PT Mandiri Manajemen Investasi. Our partners, PT Prudential Life Assurance, PT Asuransi Aviva Indonesia, PT MNC Life Assurance, PT Asuransi Buana Independent, PT Asuransi Wahana Tata and PT Asuransi Adira Dinamika, provide bancassurance products. The Bank also cooperates with a number of top-tier, well known national and international bank partners to support our customer’s transaction activities for individuals, and corporate and multinationals companies. Marketing and Strategy As of 31 December 2013, the Bank had 41 branches, 168 subbranches and 189 ATMs in 30 cities in 18 provinces in Indonesia. UOB Indonesia’s banking services are also accessible through its regional ATM network, the ATM Prima and ATM Bersama networks, and the Visa network. The Bank continues to expand the scope of its channels network and market share by adding branches and ATMs, including branches and ATMs to optimise the existing and planned launch of Business Internet Banking, Personal Internet Banking and Mobile Banking to improve services for customers. In developing its business, UOB Indonesia has focused on the retail segment (consumer and business banking), while continuing to develop its commercial and corporate banking segment. For the retail segment, the Bank will use product innovation and create programmes and synergies with stakeholders to enable and enhance cross-selling. In the Commercial Banking and Corporate Banking segments, the Bank will focus on industry specialisation, improving the value chain and serving the needs of the customer as a whole.


Financial Consultation The Bank helps customers manage their wealth through a team of WAPERD (the Mutual Fund Agent Representatives) and AAJI (the Indonesian Association of Life Insurance)accredited Relationship Managers. Customers can seek advice and recommendations on the right products and services for them based on their risk appetite. Specialists in investment, insurance and treasury also provide customers with advice on specific needs. UOB Premier Talk UOB Premier Talk is the Bank’s innovative concept of customer networking to engage with customers and also provide the opportunity to the Bank’s customers to expand their network with other customers. Customer Workshops and Training The Bank conducted a focus group mini workshop for selected customers to share market updates and the latest developments on international trade practices, as well as to collect feedback on the Bank’s products and services. Premier Trade Counter The Bank launched priority access to its trade customers, called “Premier Trade Counter”, in three cities, Jakarta, Surabaya and Medan. These Premier Trade Counters give priority to processing end-to-end trade transactions for customers’ business needs, emphasising convenience and time efficiency. UOB Golf Invitational The Bank held the fourth edition of the UOB Golf Invitational to engage with customers. The tournament was attended by 144 participants. CUSTOMER SERVICE The Bank realises that the ability to provide quality services is key in winning the competition in the banking industry. Therefore, one form of transformation performed by the Bank is improving the quality of service provided to customers. The Bank has set a target customer service index of 85 per cent to be achieved by the end of 2015. A comprehensive customer satisfaction internal research study in 2013 showed a significant increase in the customer satisfaction index which reached 74.71 per cent, compared with 64.60 per cent in 2012.

Since 2010 the Bank has set strategies to improve the quality of services to customers, such as reviewing and updating the Bank’s policies and operational procedures, measuring the productivity level of each division, providing training for front liners, forming a committee on service quality and organising service quality awards. Consequently, the Bank’s strict monitoring of the implementation of these strategies and the positive results mean it is confident of reaching the target of 85 per cent customer service index is possible. BUSINESS OUTLOOK The banking industry is optimistic about the stability of the Indonesian economy in 2014. This is underpinned by Indonesia’s strong economic fundamentals and positive outlook for domestic consumption due to a stable, strong investment climate, as well as progress in infrastructure development. Consumption is expected to be supported by increased government spending associated with the preparation of elections and government spending. Therefore, the Bank estimates that national economic growth will be in the range of 5.10 per cent to 5.50 per cent, in line with the economic consolidation process in response to a variety of domestic and global economic developments. Bank Indonesia anticipates uncertainties arising from the global economy and has issued a series of regulations and policies as part of its efforts to strengthen the framework of good corporate governance and risk management for the banking industry. In order to achieve sustainable growth and capture a wide variety of opportunities in the Indonesian market, the Bank has embarked on several initiatives during the last few years, including improving information technology systems and operations, optimising the Bank’s distribution channels, improving service quality and developing its people, as well as continuing the strengthening of internal control, risk management and corporate governance aspects for more prudent banking practices.

The Bank implemented the Core Banking standardisation project in order to enhance its infrastructure system and allow the Bank to develop more competitive products and services in the future. BRANDING Branding is of profound importance for the business, as it reflects how the Bank is being perceived by customers, public and market. In that light, the Bank continuously infuses the brand into everything it does. As the Bank believes that our employees are the prime brand ambassadors, and in 2013 we introduced the corporate theme, Marching Towards Excellence, which serves as a call to action for individual employees to live up to the Bank’s vision, mission and core values as well as business strategies. The Bank also embarked on various initiatives to enhance our engagement with different stakeholders. The Bank is committed to raising our profile through every point of public contact such as corporate campaigns, activities and community engagement. HUMAN RESOURCES The ability to recruit, develop and retain the best people has become a strategic mission for UOB Indonesia. During 2013, we continued to implement the leadership competency framework which consists of four key leadership competencies, namely: Strategise, Engage, Execute and Develop, or also known as SEED. The Bank’s human resources strategies were aligned with SEED. SEED helps employees understand more clearly what is expected of them, guides each person towards being more effective in what they do and is also the basis by which employee recruitment, performance and development is driven. The application of this competency model is implemented in stages by the Bank in the process of recruitment, employee assessment, training and development, performance appraisal, career planning and employee engagement.


Management Discussion and Analysis

Employee by Level

¢ Senior Management ¢ Middle Management

2012 83

2013 94

193

215

¢ Junior Management

1,714

1,778

¢ Staff

2,944

2,886

380

344

5,314

5,317

2012 171

2013 148

3,271

3,508

¢ Non - Staff Total

2012

2013

2012

2013

2012

2013

Employee by Education

¢ Master and PhD ¢ Bachelor ¢ Diploma

639

570

¢ Others

1,233

1,091

Total

5,314

5,317

2012 177

2013 163

985

910

Employee by Age

¢ < 25 ¢ 25 - 29 ¢ 30 - 34

1,378

1,325

¢ 35 - 39

974

1,092

¢ 40 - 44

816

810

¢ >= 45

984

1,017

5,314

5,317

Total

Other HR programmes in 2013 to support the Bank’s strategy, objectives and organisational development include: • Job evaluation on an ongoing basis. Job evaluation is the basis for determining and helping other HR activities, such as career planning, recruitment, transfer to other positions, relocation, rotation, and determination of compensation/benefits.


• Increased employee productivity. The Bank also continually improves employee productivity through measurement of the job capacity programme, which is managed systematically. In 2013, the company completed the capacity and productivity process analysis. • Development of technical job competency standards. Technical competence is the minimum skill and knowledge required by employees to perform their jobs effectively. The Bank has a programme to identify the technical competence in each job and aligns it with the applicable job level.

• Competency-based training. UOB Indonesia conducts training and development for leaders with reference to the four main competencies of SEED leadership skills. These competencies are based on research and needs, aiming to standardise the Knowledge Skill Attitude (KSA) throughout the UOB Group (Indonesia, Singapore, Malaysia, Thailand and China). SEED based training has been prepared from the lowest level (Supporting Officer) to the Executive Director (Executive Director - ED). • Career Management. Career management can be defined as a process that allows employees to: - Recognise their aspirations/interests, areas of strength and areas of personal development with regard to employment in the Bank. - Obtain information on the growing opportunities within the Bank. - Identify personal career goals. - Develop an action plan to achieve career goals. Through career management, the Bank intends to provide guidance to employees on career opportunities available in the Bank, along with the competencies required to achieve it. The programme is being implemented through career management guidelines and other support programmes in the form of policies and systems, so as to facilitate the Bank’s and employees’ in career planning.

• Management of talent As part of the Bank’s efforts in developing the best talent, it identifies a talent pool consisting of the best performing employees and those with the potential for higher achievement. For these best employees, the Bank provides a structured development programme which is monitored jointly between line managers and HR. • Employee engagement The Bank also strives to foster closer relationships with employees through an action plan programme called BE@UOB and conducts work-life balance activities which provides a forum for sport and art communities among UOB employees. In addition, to increase the sense of nationalism, the Bank also holds events in celebration of national days, such as the anniversary of the Independence Day, Kartini (Women’s Empowerment Day) and so on. • Standardisation of HR policies In an effort to assist employees in searching for the latest information on staffing, recruitment, organisation, career, motivation, training, problem solving and other matters, the Bank provides online access to information through its internal website. In the operational activities, the Bank also employs contract workers and outsourcing, as at 31 December 2013 totalling as follows: Contract employees

• Outstanding Performance award The Bank continues to motivate employees to support the achievement of the Bank’s business objectives through an awards programme. Awards are given to employees who deliver outstanding performance and achievements and who provide a significant contribution to the Bank. The programme helps to improve employee retention and to foster a high performance culture in the Bank. • Improved performance appraisal system The Bank keeps improving the performance appraisal system to encourage employees to achieve optimum performance excellence. Various improvements to the performance appraisal system will continue to be implemented in order to obtain a more objective and transparent assessment with clear and focused goal-setting to support the Bank’s strategy, namely through the establishment of work objectives (planning), the process of dialogue/performance monitoring (engagement), assessment of results and performance (appraisal) and the development/improvement of employees in the future (keep track).

289

2012

310

2013

Training and Development Programme During 2013, the Bank held a series of employee development activities supplemented by training in the form of mandatory programmes and other planned skills development, among others: 1. Risk Management Certification Programme This programme will be continued in subsequent years in accordance with the Bank’s needs and in compliance with the regulations of Bank Indonesia.


Management Discussion and Analysis 2. To support the sales process and accelerate business growth, the Bank has established a special academy called Mortgage Specialist Development Programme (MSDP) and Business Banking Development Programme (BBDP). MSDP graduates are placed in marketing specialty for consumer loans in the Mortgage segment, while BBDP graduates are positioned in the marketing, funding and lending specialties in the Business Banking segment. 3. UOB Indonesia has been running “e-learning programmes”, where the employee uses self-learning methods such as audio-visual mediation. Learning programmes that have used e-learning include: • New Employee Orientation Programme intended for new employees, for a general introduction about the Bank. • Fair Dealing, information about the advantages and benefits of giving correct information to customers. • IT Security, to provide basic information about security and the rules and manual for using computers. • Anti- Fraud, to recognise elements of fraud, types of fraud and how to prevent, detect and report fraud. • Anti-Money-Laundering and Countering the Financing of Terrorism (AML/CFT), to acknowledge the basics of AML/CFT. • Risk Management, to know the basics of The Bank’s Risk Management Governance. 4. In addition to e-learning, Human Resources also conducted several book discussions by inviting the authors to share their views and stories. This was intended to motivate staff to read, to learn and to share with others. Besides sharpening leadership competencies at the managerial level, programme activities are also expected to create a balance between work and life. All of these Employee Engagement programmes are an integral part of the learning process for employees. 5. Information Technology-related Training Programmes With the implementation of the new Core Banking System, the Bank has conducted training programmes that involve


almost the entire team of branches and sub-branches. The objective of these programmes includes: • Training employees to use the new system effectively. • Obtaining information about the implementation of new system and its impact on employment. • Providing effective communication to customers regarding changes to any product or service. • Preventing operational impact on customers and branches. HR Focus and Strategy In 2014 Amid a stiffer competition in the industry, we continue to invest in our people. For that reason, in 2014 we put focus to enhance productivity and efficiency while recruiting the best talent, as well as investing heavily in the relevant training and development of our people as our greatest assets. We continue to align our compensation strategies with best market practice. INFORMATION TECHNOLOGY AND INFRASTRUCTURE Information Technology (IT) During 2013, the IT Strategic Plan focused on the following: 1. Competent and sufficient people development To support the new core banking system and the relocation of our Disaster Recovery Centre, a new team with the necessary competencies and expertise was created. As part of our efforts to build a more competent and service oriented team, several training sessions were held with an emphasis on the development of managerial and technical skills to better support the business. 2. Provide Reliable System Applications The Bank implemented a new core banking system to support business development and as a basis for the development of new systems or alternate channels. In addition, the Bank also implemented new products or features for credit cards, such as Transaction Alerts by SMS for credit card transactions. The Bank has also implemented the FEDS system (FX Electronic Dealing System) to facilitate customers in doing FX transactions in the nearest branch office.

3. Developing Infrastructure Availability In 2013, the Bank expanded and relocated its Disaster Recovery Centre to a location with facilities that meet international standards to support the Bank’s office networks, consisting of 41 branches, 168 sub-branches and 189 ATMs in 30 cities in 18 provinces in Indonesia. This is part of the strategy to ensure high system availability and resiliency. 4. Initiating the Structure of Good IT Governance Throughout 2013, the IT Committee oversaw and approved strategic IT projects. This included receiving updates on the status of projects, evaluating and approving the purchase of IT equipment (hardware and software), approving relevant policies and receiving updates on IT security. A new IT tender panel was implemented with the objective of strengthening governance in the areas of procurement and vendor management. Year 2014 With full implementation of the core banking system in 2013, the Bank is now able to support and develop more sophisticated product features that can be delivered using more diversified channels. Towards this end, the Bank is now embarking on a project to replace our existing front-end system. To strengthen our risk management, the Bank will be implementing an Anti-Money Laundering system that tracks transactions and trends, as well as commencing our Basel

project. The Bank will also be implementing systems that will support chip-based ATM cards, as well as PIN-based credit cards, to help minimise fraud. Going forward, IT will provide more benefits to the Bank by leveraging the Group’s standardised systems that are proven, more robust and also rich in features and functionality. In order to protect customer/confidential data and to ensure that the system availability is not affected by malware or virus attack, the Bank will continue to strengthen its security systems. Quality Management of Information Technology As the Bank continues to build its IT infrastructure, it is crucial to invest time, money and resources carefully. Towards this end, the existence of proper governing bodies becomes paramount. The Bank manages all of its IT projects through a formal governing structure that involves the Board of Commissioners and Board of Directors who have overall oversight, while a Project Steering Committee focuses on the implementation stages of IT projects. To manage the risks in utilisation and implementation of Information Technology, the Bank is continuously adopting best industry standards in line with Bank’s needs and in compliance with the relevant regulatory bodies and other Indonesian authorities.



Corporate Governance Contents 43 65 101 102

Corporate Governance Report Risk Management Corporate Social Responsibility Self Assessment

Corporate Governance To increase the Bank’s performance, protect stakeholders’ interests and improve compliance with prevailing legislative regulations and general code of conduct in the banking industry, the Bank believes extensive and comprehensive Good Corporate Governance (GCG) implementation will contribute to value-added profitability for the stakeholders and to longterm business growth sustainability. Thus, the Bank strives to uphold the Bank’s transparency principle as well as to monitor the execution of GCG practices according to the prevailing rules and regulations.

audited by Public Accounting Firm Purwantono, Suherman and Surja pursuant to report Number: RPC-3351/PSS/2013 dated 4 March 2013 with Unqualified Opinion, hence granting full release and discharge of liabilities (acquit et decharge) to members of the Board of Directors for their management actions and to members of the Board of Commissioners of the Company for their supervisory actions completed throughout fiscal year of 2012, insofar as the actions are reflected in the Annual Report and Financial Statements for the fiscal year of 2012.

The Bank has formed a special task force in September 2013 to monitor and manage the Bank’s level of soundness which Bank Indonesia determines according to its Risk Based Bank Rating, which takes into account an assessment of the Bank’s GCG implementation.

Resolution on the Second Agenda Approved the appropriation of net profits for fiscal year ending 31 December 2012 in the amount of IDR1.11 trillion (one point one one trillion Rupiah) as follows: 1. A total of IDR25 billion (twenty-five billion Rupiah) booked as reserves in order to meet the requirements the Company’s Law and Articles of Association of the Company. 2. Distributing an amount of IDR246.49 million (two hundred forty six point forty nine million Rupiah) as cash dividends for the fiscal year of 2012, to be distributed to shareholders. 3. Booked the entire net profits gained in 2012 after deducted with reserves and cash dividends as retained earnings.

The implementation of GCG is based on five basic principles of transparency, accountability, responsibility, independence and fairness. CORPORATE GOVERNANCE REPORT Structure of Good Corporate Governance General Meeting of Shareholders The General Meeting of Shareholders (GMS) holds the highest authority in the Bank. The Annual General Meeting of Shareholders (AGMS) is held once every year. The Bank may also convene an Extraordinary General Meeting of Shareholders (EGMS) when required. In 2013, the Bank has convened AGMS on 26 April 2013, which was held in UOB Plaza, at Jalan M.H. Thamrin Number 10, Central Jakarta 10230 and attended by shareholders and/or their proxies representing 9,553,769,677 shares or 99.99 per cent of 9,553,885,804 shares with voting rights issued by the Bank. AGMS has approved matters principally as follows: Resolutions on the First Agenda Approved Company’s Annual Report for fiscal year ending 31 December 2012 including annual report of the Board of Directors and report on supervisory duties of the Company’s Board of Commissioners, as well as ratifying Company’s Financial Statements for fiscal year ending 31 December 2012

Resolution on the Third Agenda Approved the proposal to reappoint Public Accounting Firm of Purwantono, Suherman and Surja which will audit the Financial Statements of the Company for fiscal year of 2013 as well as authorized the Board of Directors of the Company to sign employment agreements as well as determining the honorarium and other requirements pertaining to such appointment. Resolution on the Fourth Agenda 1. Reappointed Mr. Wee Cho Yaw, Mr. Wee Ee Cheong, Mr. Lee Chin Yong Francis, Mr. Rusdy Daryono, Mr. Wayan Alit Antara and Mr. Aswin Wirjadi as members of the Board of Commissioners of the Company as of adjournment of this Meeting up to and including adjournment of the Annual General Meeting of Shareholders of the Company convened in 2015. 2. Reappointed Mr. Armand Bachtiar Arief, Mr. Iwan Satawidinata, Mr. Safrullah Hadi Saleh, Mr. Ajeep Rassidi bin Othman and Mr. Soehadie Tansol as members of the Board of Directors of the Company as of adjournment of this Meeting up to and including adjournment of the Annual General Meeting of Shareholders of the Company convened in 2017.


Corporate Governance 3. Appointed Mr. Tan Chin Poh as Deputy President Director of the Company as of adjournment of this Meeting up to and including adjournment of AGMS of the Company convened in 2017. This appointment is effective upon approval of Bank Indonesia.

3. Granted authority to the Board of Commissioners of the Company to determine amount of salaries, remuneration and other allowances for 2013 of all members of the Board of Directors of the Company. Board of Commissioners

Hence, composition of members of the Board of Commissioners of the Company following adjournment of this Meeting up to and including adjournment of the Annual General Meeting of Shareholders convened in 2015 shall be as follows: President Commissioner

Wee Cho Yaw

Vice President Commissioner Wee Ee Cheong Commissioner

Lee Chin Yong Francis

Independent Commissioner

Rusdy Daryono


Wayan Alit Antara


Aswin Wirjadi

Composition of members of the Board of Directors of the Company following adjournment of the Meeting up to adjournment of AGMS of the Company convened in 2017 shall be as follows: President Director

Armand B. Arief

Deputy President Director

Iwan Satawidinata


Tan Chin Poh*

Director

Safrullah Hadi Saleh

Director

Ajeep Rassidi bin Othman

Compliance Director

Soehadie Tansol

* Effective upon approval from Bank Indonesia.

4. Granting power of attorney to the Board of Directors of the Company to state changes to members of the Board of Commissioners and the Board of Directors of the Company in a separate deed before a Notary (where necessary) and organise notification to the Ministry of Law and Human Rights of the Republic of Indonesia. Resolution on the Fifth Agenda 1. Approved action of UOB International Investment Private Limited (UOBII) as the majority shareholder by virtue of authority granted in the Annual General Meeting of Shareholders convened in 25 May 2012 in order to determine the amount of salaries and other allowances for 2012 of all members of the Board of Directors of the Company. 2. Granted authority to the majority shareholder of the Company, namely UOBII, to determine amount of salaries and other allowances for 2013 of all members of the Board of Commissioners of the Company.


Duties and Responsibilities of the Board of Commissioners The Boards of Commissioners and Board of Directors of the Bank have their respective work guidelines and rules of procedures which are binding to every member of the Boards of Commissioners and Directors and specify among other provisions on the number, composition, criteria and independence of members of the Boards of Commissioners and Directors; duties, authority and responsibility; work ethics and work hours; meeting procedure and decision-making; as well as transparency aspect. Pursuant to the Articles of Association, the Board of Commissioners must perform supervision on the management policies, general conduct of management, both concerning the Company as well as the Company’s businesses, and advice the Board of Directors. Every member of the Board of Commissioners cannot act on his/her own; only by virtue of decree of the Board of Commissioners. In order to support the effectiveness of its duties and responsibilities, the Board of Commissioners is assisted by the Audit Committee, the Remuneration and Nomination Committee and the Risk Monitoring Committee. Generally, the Board of Commissioners assumes following responsibilities: a. Supervise implementation of duties, responsibilities and policies conducted by the Board of Directors as well as advising the Board of Directors. b. Direct, supervise and evaluate implementation of the Bank’s strategic policies conducted by the Board of Directors. However, not involved in any decision making of the Bank’s operational activities, unless as determined by the applicable regulations. c. Examine and approve the Bank’s business plan. d. Provide directions to the Board of Directors with regard to Corporate Governance and ensuring that Corporate Governance has been implemented in all business activities of the Bank at all levels of the organisation. e. Provide directions and recommendations for the Bank’s strategic development plan as well as evaluating implementation of the Bank’s strategic policies. f. Ensure that the Board of Directors has followed-up audit findings and recommendations provided by the Internal

Audit division, External Auditor, results of supervision by Bank Indonesia as well as other authorised agencies. g. Analyse and approve the framework of the Bank’s risk management. h. Inform Bank Indonesia no later than 7 (seven) working days following any finding of violation of any laws in financial and banking industry and situation or presumed situation which may jeopardise business continuity of the Bank. i. The Board of Commissioners must establish at least Audit Committee, Risk Monitoring Committee, Remuneration and Nomination Committee and ensure that the established Committees perform their duties effectively. j. Convene Meetings of the Board of Commissioners on a regular basis, at least four times in one year, in which all members of the Board of Commissioners must be present physically at least twice a year. Implementation of Duties and Responsibilities of the Board of Commissioners As part of their duties and responsibilities, the Board of Commissioners always performs supervision on the performance of the Board of Directors and provides inputs to the Board of Directors. In 2013, the Board of Commissioners has taken the following actions, among others: a. Approved the proposal of the Board of Directors on the schedule and agenda of Annual General Meeting of Shareholders convened in 2013; b. Approved recommendation of President Director on nomination of Board of Management’s members and structure; c. Provided analysis, inputs and together with the President Director approved the Revision of the 2013-2015 Bank‘s Business Plan and Business Plan for 2014-2016;

Name

Position

d. Provided Board of Commissioners supervisory report on Bank’s Business Plan Realisation for the period of second half of 2012 and first half of 2013; e. Provided evaluation of the Implementation of Bank Compliance Function Report for second half of 2012; f. Approved the Amendments to the Audit Committee Charter 2013 and Appointment of Audit Committee members for the period of 2013-2015; g. Approved recommendation from the Audit Committee for the AGMS to appoint the Purwantono, Suherman and Surja Public Accounting Firm as the independent auditor of the Bank for the fiscal year of 2013; h. Approved Work Guidelines and Rules of Procedure of the Remuneration and Nomination Committee; i. Approved Remuneration and Nomination Committee’s recommendation on nomination of Bank’s Deputy President Director, nomination of Bank’s members of the Board of Commissioners and Board of Directors to be proposed to Bank’s AGMS, Bank’s Policy and Procedure for the Nomination, Replacement and/or Dismissal of Members of the Board of Commissioners, Board of Management and Independent Parties; j. Approved Work Guidelines and Rules of Procedure of the Risk Monitoring Committee; k. Granted approval for the sale of fixed assets of the Bank according to applicable authority limits. l. Approved various guidelines and policies of the Bank according to prevailing regulation. m. Approved Business Continuity Management Report 2012; n. Granted approval for Core Banking System Refresh related matters; and o. Granted approval for credit to related party. Composition, Criteria and Independency of the Board of Commissioners Composition of Bank’s BOC members as of 31 December 2013 are:

Effective Date BI Approval GMS

ReAppointment

Tenure Expiry

Wee Cho Yaw

President Commissioner

26 Dec 2005

14 Oct 2005

26 Apr 2013

2015

Wee Ee Cheong

Deputy President Commissioner

31 Aug 2007

22 Jun 2007

26 Apr 2013

2015

Lee Chin Yong Francis Commisioner

19 Dec 2005

14 Oct 2005

26 Apr 2013

2015

Rusdy Daryono

Independent Commisioner

12 Jun 2006

22 May 2006

26 Apr 2013

2015

Wayan Alit Antara


8 Jan 2009

20 Jun 2008

26 Apr 2013

2015

Aswin Wirjadi


29 Jun 2009

12 Jun 2009

26 Apr 2013

2015


Corporate Governance Composition of Independent Commissioners has been compliant to the provision of Bank Indonesia’s Regulation (“PBI”) No.8/4/PBI/2006 dated 30 January 2006 as amended by PBI No.8/14/PBI/2006 dated 5 October 2006 regarding the Implementation of Good Corporate Governance for Commercial Banks and BI Circular Letter No.15/15/DPNP dated 29 April 2013 concerning the Implementation of Good Corporate Governance for Commercial Banks. In accordance with these provisions, 50 per cent of the Bank’s Board of Commissioners’ members are Independent Commissioners who are Indonesian citizens and residents. Independency of the Board of Commissioners The only members of Board of Commissioners having family relationship are President Commissioner and Vice President Commissioner, as shown in the below table. Name Wee Cho Yaw

Position

Description

Type of Relationship

President Father of Family Commissioner Wee Ee Cheong Relation

Wee Ee Cheong Vice President Son of Commissioner Wee Cho Yaw None of the Independent Commissioners has any financial, management, shareholding and/or family relationship up to the second degree with fellow members of the Board of Commissioners, the Board of Directors and/or Ultimate Shareholders, which may affect its ability to act independently. In accordance with PBI No.8/14/PBI/2006 regarding Amendment to PBI No.8/4/PBI/2006 regarding implementation of Good Corporate Governance for Commercial Banks and BI Circular Letter No.15/15/DPNP concerning Implementation of Good Corporate Governance for Commercial Banks, members of the Board of Commissioners may only hold double position as members of the Board of Commissioners, the Board of Directors or Executive Officer at 1 (one) non-financial institution/ company or members of the Board of Commissioners, the Board of Directors or Executive Officer performing supervisory function at 1 (one) non-bank subsidiary controlled by the Bank. Excluding, however, double positions held when a nonindependent member of the Board of Commissioners performs his/her functional duties from the Bank’s shareholder having form of legal entity in its business group and/or the relevant member of the Board of Commissioners assumes a position in a non-profit organisation or institution, insofar as the person concerned does not neglect implementation of their duties and responsibilities as a member of the Board of Commissioners of the Bank.


All members of the Board of Commissioners have fulfilled the provisions as required in PBI No.8/14/PBI/2006 regarding Amendment to PBI No.8/4/PBI/2006 regarding the Implementation of Good Corporate Governance for Commercial Banks and BI Circular Letter No.15/15/DPNP concerning the Implementation of Good Corporate Governance for Commercial Banks, as mentioned above. Fit and Proper Test Information Disclosure The members of Board of Commissioners were all appointed by General Meeting of Shareholders by considering the fulfill of main criteria, i.e. integrity, competency, professionalism, and financial reputation, according to fit and proper test requirement set by Bank Indonesia. Meeting Frequency of Board of Commissioners The Board of Commissioners holds 1 (one) meeting every 3 (three) months or as necessary, to discuss general performance of the Bank related to implementation of duties and responsibilities of the Board of Directors for the past 3-month period. Pursuant to Bank Indonesia requirements on the implementation of Good Corporate Governance for Commercial Banks and Articles of Association of the Bank, procedure for meetings of the Board of Commissioners has been provided in general, as follows: a. Meeting is to be held at least 4 (four) times in one year unless deemed necessary by a member of the Board of Commissioners, or upon written request by the Board of Directors, or at the request of one or more shareholders holding 1/10 (one tenth) of total number of shares issued by the Company having valid voting rights. b. Meeting of the Board of Commissioners is chaired by the President Commissioner. If the President Commissioner is unavailable, with regard to which no evidence to third party is required, meeting of the Board of Commissioners is chaired by the Vice President Commissioner, and if he is unavailable, the meeting is to be chaired by a member of the Board of Commissioners, elected by and between members of the Board of Commissioners present. c. Meeting of the Board of Commissioners is only valid and may adopt binding decisions if more than ½ (one half) of the total members of the Board of Commissioners are present, or represented in the meeting. d. Decisions from the Meeting of the Board of Commissioners must be adopted by way of deliberations to reach a consensus. In the event that no consensus is reached, decisions are adopted when number of affirmative votes is more than half of the total votes validly cast at such meeting. e. In the event of a draw, the Chairman of the Board of Commissioners Meeting will decide. f. Results of the Board of Commissioners meetings must be set forth in minutes of meeting and properly documented.

In 2013, the Board of Commissioners had held 4 (four) meetings of the Board of Commissioners, as summarised below:

Delegation of duties, responsibilities and authority among all members of the Board of Directors is as follows:

Frequency of Attendance 4

President Director • Entitled and authorised to act on behalf of the Board of Directors and representing the Bank; • Coordinate the conduct of the Bank’s management; • Determine the Bank’s strategy; • Ensuring the implementation of compliance function, implementation of the principles of GCG as well as prudential banking practices; • The scope of his responsibility includes supervision on Channels, IFS Credit and Special Asset Management, Retail Credit, Human Resources, Compliance, Risk Management, Legal, Internal Audit, Customer Advocacy and Service Quality, and Brand Performance and Corporate Communication.

Name

Position

Wee Cho Yaw

President Commissioner

Wee Ee Cheong

Deputy President Commissioner

4


Commisioner

3

Rusdy Daryono Independent Commisioner Wayan Alit Antara Independent Commisioner

4 4

Aswin Wirjadi

4


Board of Directors Duties and Responsibilities of the Directors Pursuant to the Articles of Association, the Board of Directors is fully responsible for performing its duties in the Bank’s interest in achieving its purpose and objectives. Principal duties of the Board of Directors include, among others: a. Managing the Bank pursuant to its authority and responsibilities as stated in the Articles of Association and prevailing laws and regulations; b. Fully responsible for the implementation of the Bank’s management; c. Implementing the principles of GCG in every business activity of the Bank at all levels or tiers of the organisation; d. Implementing business strategies as recommended by the Board of Commissioners; e. Following-up audit findings and recommendations provided by the Internal Audit division, External Auditor, results of supervision by Bank Indonesia as well as other competent authorities; f. Performing internal supervision in an effective and efficient manner; g. Monitoring and managing risks encountered by the Bank; h. Maintaining conducive work environment which enhances productivity and professionalism; i. Managing and developing employees as well as maintaining continuity of the organisation; j. Being liable for the implementation of its duties to the Shareholders through the GMS; k. Disseminating to employees Bank policies which are strategic in the field of employment; and l. Providing accurate, relevant and timely data and information to the Board of Commissioners.

In addition, the areas of responsibilities also include indirect oversight through the Deputy President Director – Operations for the Finance and Corporate Services and Technology and Operations, as well as the Deputy President Director – Business for the Business Function Units of the Bank. Deputy President Director – Admin and Operations • Assist the President Director in directing Bank’s policies and strategies, in accordance with the scope coordinated; • Provide directions and guidance to ensure smooth implementation of duties in the field of operations and supporting functions of the Bank; • His scope of responsibility includes supervision on the functions of Finance and Corporate Services and Technology and Operations. Deputy President Director – Business • Assist the President Directors in directing Bank’s policies and strategies, in accordance with the scope coordinated; • Provide directions and guidance for the Bank’s business development; • His scope of responsibility includes supervision on business units, namely Corporate Banking, Commercial Banking, Business Banking, Personal Financial Services, Global Markets and Investment Management and Transaction Banking. Finance and Corporate Services Director • Responsible for the Bank’s financial statements; • Provide financial analysis on the Bank’s performance in order to support the decision making process by the Bank’s management;


Corporate Governance • Leading, directing and monitoring the implementation of corporate actions taken by the Bank; • His scope of responsibility includes supervision on the function units of Finance, Property and General Services and Corporate Services. IFS Credit and Special Asset Management Director • Responsible for ensuring the process of credit review operates independently; • Leading and coordinating efforts of restructuring nonperforming loans through restructuring and recovery measures; • Responsible for managing portfolios of Assets Foreclosed by the Bank. • Area of responsibility covers supervision on Middle Market Credit, Corporate Credit and Special Asset Management Work Function. Compliance Director • Formulate strategies in order to instill Compliance Culture within the Bank; • Propose the compliance policies to be determined by the Board of Directors; • Implement compliance system and procedures to be used to prepare internal provisions and guidelines of the Bank; • Ensure that all policies, provisions, system, and procedure as well as business activities conducted by the Bank have complied with the requirements of Bank Indonesia and applicable provisions of laws and regulations; • Minimize the Compliance Risk of the Bank. • Take preventive measures in order to ensure that the policies and decisions taken by the Board of Directors of the Bank remain in line with the requirements of Bank Indonesia and applicable laws and regulations; • Submit reports to Bank Indonesia regarding implementation of his duties; • Perform other duties related to Compliance function. Composition, Criteria and Independence of the Directors Composition of Bank’s BOD members as of 31 December 2013 are: Name

Position

Independency of the Board of Directors a. All members of the Board of Directors of the Bank do not have mutual financial and family relationships up to the second degree with fellow members of the Board of Directors and/or members of the Board of Commissioners and Ultimate Shareholder. b. None of the members of the Board of Directors, either individually or collectively, owns shares more than 25 per cent of issued capital at the Bank or at any other company. c. None of the members of the Board of Directors hold double position as a member of the Board of Commissioners, the Board of Directors or an Executive Officer at any other Bank, Company and/or institution. d. The President Director of the Bank is a party independent from the Ultimate Shareholder of the Bank and does not have any financial, management, shareholding and/or family relationship with the Ultimate Shareholder of the Bank. Fit and Proper Test Information Disclosure The appointment of members of the Board of Directors by the General Meeting of Shareholders has complied with the criteria approved by the Board of Commissioners, taking into consideration sufficient integrity, competence, professionalism and financial reputation, in accordance with the requirements of fit and proper test as stipulated by Bank Indonesia. Meeting Frequency of Directors Pursuant to Articles of Association, the order of the Board of Directors has been governed as follows: a. The meeting is to be held at least once a month unless deemed necessary, by one of the members of the Board of Directors, or through written request from one or more of the members of the Commissioners, or through written request from one or more of the shareholders representing 1/10 (one tenth) of the total shares allocated by the Company with valid voting right. b. Directors’ meeting is valid and authorised to make binding decision if more than ½ (one half) of the total members of the Board of Directors were present or represented in the meeting.

Effective As Members BI Approval GMS

Re-Appoinment

Tenure Expiry

Armand B. Arief

President Director

7 Sep 2007

22 Jun 2007

26 Apr 2013

2017

Tan Chin Poh


24 Jul 2013

26 Apr 2013

-

2017

Iwan Satawidinata


10 Jun 2010

15 Apr 2010

26 Apr 2013

2017

Safrullah Hadi Saleh Director

29 May 2001

25 May 2001

26 Apr 2013

2017


Director

6 May 2010

19 Feb 2010

26 Apr 2013

2017

Soehadie Tansol

Compliance Director

31 Dec 2002

25 Nov 2002

26 Apr 2013

2017

Note: Appointment of Mr. Tan Chin Poh as Deputy President Director effective as of 4 November 2013.


c. Decisions of the Directors’ meeting should be based on deliberation to reach agreement. If decision could not be reached through deliberation, decision will be made through voting based on supporting votes of more than ½ (one half) of total valid votes from the Board of Directors collected in Meeting. d. If the opposing and supporting votes were equally the same, the Chairman of the Director’s meeting will take decision. e. Proceeding of the Directors Meeting must be summarised into minutes of meeting and properly documented. During 2013, the Board of Directors meetings have been conducted for 17 (seventeen) times, with attendance as follows: Name

Position

Frequency of Attendance 15

Armand B. Arief

President Director

Tan Chin Poh*


2

Iwan Satawidinata


17


Director

17


Director

15

Soehadie Tansol

Compliance Director

16

* Assumed the position of Deputy President Director as of 4 November 2013.

Participation of Board of Directors in Trainings/Seminars To support the implementation of the duties of the Board of Directors, in 2013 the Board of Directors attended several training programmes, workshops, conferences and seminars such as: Name Armand Bachtiar Arief

Position President Director

Tan Chin Poh


Iwan Satawidinata



Director


Director

Soehadie Tansol

Compliance Director

Dual Positions of the Board of Directors in Other Companies None of the members of the Board of Directors hold dual positions in other companies. Recommendation of the Board of Commissioners concerning Funding and Authority of Expenditure on Goods and Services Granted approval of additional budget for Core Banking System Refresh project. Completeness and Implementation of Committees’ Duties Board of Commissioners Committees Remuneration and Nomination Committee According to Directors’ Decree No.09/SKDIR/1169 dated 9 November 2009 concerning Appointment of Members of Remuneration and Nomination Committee, composition of Remuneration and Nomination Committee is as follows: Composition of Members of the Remuneration and Nomination Committee as of 31 December 2013 Chairman (Independent Aswin Wirjadi Commissioner) Member (Commissioner)


Member (Executive Officer responsible for HR)

Roy Fahrizal Permana

Meeting of Remuneration and Nomination Committee is conducted according to Bank’s needs and was convened 3 (three) times in 2013.

Training UOBI Strategic and Budget Workshop Workshop Channel - Jakarta Workshop on Basel II and Risk Appetite Framework Economic Outlook 2014 Workshop on Basel II and Risk Appetite Framework UOBI Strategic and Budget Workshop Workshop Channel - Jakarta Workshop on Basel II and Risk Appetite Framework UOBI Strategic and Budget Workshop Workshop on Basel II and Risk Appetite Framework UOBI Strategic and Budget Workshop Workshop on Basel II and Risk Appetite Framework UOBI Strategic and Budget Workshop Refresher Training about FMF and Sanction Workshop on Basel II and Risk Appetite Framework


Corporate Governance Remuneration and Nomination Committee has duties and responsibilities as follows: Related to Remuneration Policy: • Perform evaluation towards remuneration policy; and • Provide recommendations to the Board of Commissioners concerning: - Remuneration Policy for the Board of Commissioners and Directors to be submitted to the General Meeting of Shareholders - Remuneration Policy for Executive Officers and employees as a whole to be submitted to the Board of Directors. Remuneration and Nomination Committee in performing their duties and responsibilities in relation to this remuneration policy must attend to: • Financial performance and reserves as stipulated in the prevailing regulations; • Individual performance; • Fairness with the peer group; and • Long term objectives and strategy of the Bank. Related to Nomination Policy: • Formulate and provide recommendation on the system and procedure of selection and/or succession of the Board of Commissioners and Directors to the Board of Commissioners to be submitted to General Meeting of Shareholders. • Provide recommendation of the candidate of the Board of Commissioners and/or Directors to the Board of Commissioners to be submitted to General Meeting of Shareholders. • Provide recommendation on the Independent Party appointed to be members of the Audit Committee and Risk Monitoring Committee to the Board of Commissioners.

Audit Committee As stated in Directors’ Decree No.13/SKDIR/0011 dated 25 March 2013 regarding Appointment of Members of Audit Committee, the structure and membership of Audit Committee as at 31 December 2013 for office period of 2013-2015 are as follows: Composition of Audit Committee Members as at 31 December 2013 Chairman (Independent Commissioner)

Rusdy Daryono

Member (Independent Party)

Winny Widya


Thomas Abdon

All members of Audit Committee have met the criteria of independency, expertise and integrity required by BI. The Audit Committee performs its duties, responsibilities and authority based on the Audit Committee Charter, which include as follows: a. Performing monitoring and evaluation on the planning and implementation of audit as well as monitoring follow-up to audit results in order to assess the adequacy of internal control, including financial reporting process; b. Performing monitoring and evaluation on implementation of Internal Audit’s (SKAI) duties; conformity between audit performed by Public Accounting Firm (KAP) and applicable audit standards and implementation of follow-up by the Board of Directors on SKAI findings, Public Accountant and results of supervision by Bank Indonesia as recommendation to the Board of Commissioners;

Work Programme of Remuneration and Nomination Committee and their realisation in 2013 include but are not limited to: No. Work Programme 1. Evaluating remuneration policies for the Board of Commissioners and the Board of Directors. 2. Evaluating remuneration policies for Executive Officers and employees. 3. Formulating system and procedure for the appointment and/or replacement of any members of the Board of Commissioners and the Board of Directors.

Realisation Meeting had been convened to evaluate and provide recommendations on the remuneration for the Board of Commissioners and the Board of Directors. Meeting had been convened to evaluate and provide recommendations on the remuneration for Executive Officers and employees. • Remuneration and Nomination Committee had provided recommendations on the procedure for the appointment and/or replacement of any members of the Board of Commissioners and the Board of Directors for Board of Commissioners’s approval. • Renewal of Procedure has been conducted and approved by the Board of Commissioners. 4. Providing recommendation on nominated Meeting had been convened to discuss the recommendation on the appointment members of the Board of Directors. of Mr. Tan Chin Poh as Deputy President Director and the reappointment of all members of the Board of Directors and the Board of Commissioners. 5. Providing recommendation of candidate Meeting had been convened to discuss the recommendation on the Independent Parties eligible for serving as reappointment of members of the Audit Committee. members of the Committee. 6. Updating of Work Guidelines and The revised of Work Guidelines and Regulations of the Remuneration and Regulations. Nomination Committee has been approved by the Board of Commissioners.


c. Providing recommendation for the appointment of Public Accountant and Public Accountant Firm to be conveyed to AGMS; d. Providing recommendation for the appointment, reappointment and dismissal of Internal Audit Head and provide input on annual assessment of concerned performance and remuneration; e. Preparing annual work programme and conduct annual review on the function scope of Audit Committee and its work effectiveness as well as provide recommendation on various necessary amendments to the Board of Commissioners; f. Performing other functions assigned by the Board of Commissioners.

Meetings of Audit Committee had been held as necessary. In 2013, 18 (eighteen) meetings had been held, all of which were attended by more than 51 per cent of all members of the Audit Committee. Meeting decisions were adopted by way of deliberations to reach a consensus or by simple majority of votes in the event of dissenting opinions. All decisions in the meetings were set forth in minutes of meeting signed by all members of the Committee present and had been properly documented, including dissenting opinions occurring at any meeting of the Committee (if any). Results of Audit Committee meetings are recommendations which can be used optimally by the Board of Commissioners. Audit Committee’s work programmes and realisation in 2013 include but are not limited to:

No. Work Programme 1. Monitor and evaluate the planning and implementation of audit as well as monitoring the follow-up to audit findings in order to assess the adequacy of internal control, including the adequacy of financial reporting process. 2. Evaluation on the implementation of duties of Internal Audit.

Realisation Meeting had been convened with Internal Audit as invitee.

• Meeting had been convened which also invited Internal Audit. • Meeting had been convened to receive update on investigation of cases handled by Internal Audit.

• Meeting had been convened with Finance and External Auditor of the Bank as invitees to receive update on the audit process by External Auditor. • Meeting had been convened with Finance as invitee to discuss the performance of the External Auditor of the Bank. Evaluation on the compliance of the • Meeting had been convened with Finance and External Auditor of the Bank financial report with prevailing accounting as invitees to review the draft report of the Bank’s audit. standards. • Meeting had been convened on with Finance as invitee to discuss the financial publication reports. Evaluation on the follow-up by the Board of Meeting had been convened with Compliance as invitee. Directors with regard to the implementation of follow-up by the Board of Directors on the findings of Internal Audit, Public Accountants and oversight results from Bank Indonesia. Recommendation on the appointment of Meeting had been convened with Finance and External Auditor as invitees Public Accountants and Public Accountant to discuss recommendations on External Auditor of the Bank for fiscal year Firm (KAP) pursuant to applicable 2013. regulations. Evaluation on the compliance function of Meeting was held by inviting Compliance to discuss Report on the Bank. Implementation of Compliance Function of the Bank. Monitoring the plan for audit Meeting was held by inviting Finance and External Auditor of the Bank to implementation by external auditor. discuss audit plans by External Auditor for fiscal year ending December 2013. Renewal of Audit Committee Charter. Meeting was held to conduct renewal of Audit Committee Charter.

3. Evaluation on the implementation of audit by the Public Accountants Firm (KAP) with applicable audit standards. 4.

5.

6.

7. 8.

9.


Corporate Governance Risk Monitoring Committee Pursuant to Directors’ Decree No.10/SKDIR/1108 dated 11 June 2010 regarding Appointment of Members of Risk Monitoring Committee, the composition of Risk Monitoring Committee is as follows:

No. Work Programme Realisation 4. Updating Work Meeting was held to update of Work Guidelines and Guidelines and Regulations of the Regulations. Risk Monitoring Committee. Directors Committees

Composition of Risk Monitoring Committee Members as of 31 December 2013 Chairman (Independent Wayan Alit Antara Commissioner) Member (Independent Party)

Thomas Abdon


Yohanes Lilis Sujanarto

All members of Risk Monitoring Committee have complied with prescribed criteria of independency, expertise and integrity. Risk Monitoring Committee performs its duties, responsibilities and authority based on Work Regulations and Guidelines of Risk Monitoring Committee, which include: a. Evaluate the consistency between risk management policies and the implementation of risk management policies; b. Monitor and evaluate the implementation of duties and responsibilities of Risk Monitoring Committee; and c. Monitor and evaluate the implementation of duties and responsibilities of Risk Management unit. Meetings of Risk Monitoring Committee are held according to the needs of the Bank and attended by all members of the Committee. Risk Management Unit is invited where necessary. In 2013, Risk Monitoring Committee held 12 (twelve) meetings. Decisions of the meetings were deliberated upon to achieve consensus. All decisions of the meetings were noted in the minutes of meeting and properly documented, including any dissenting opinions expressed at the meetings of the Committee. Work Programme of Risk Monitoring Committee and its realisation in 2013 includes but not limited to: No. Work Programme 1. Evaluate the policies and implementation of risk management. 2. Evaluate the Bank’s risk profile. 3. Evaluate new requirements.

Realisation Meeting had been convened with RMG Work Function as invitee to evaluate the most recent risk management policies. Meeting was held to discuss risk profile of the Bank and Risk Based Bank Rating’s assessment. Meeting was held to discuss the latest AML/CFT requirements as well as the latest LTV and Secondary Reserve requirements.


Executive Committee (EXCO) By virtue of Directors’ Decree No.12/SKDIR/0622 dated 30 July 2012 regarding Executive Committee (EXCO), the composition of members as well as the duties and responsibilities of the EXCO are as follows: Composition of Executive Committee Members as of 31 December 2013 Chairman President Director and acting as Permanent Member Permanent member

• Deputy President Director – Business • Deputy President Director – Admin and Operations • IFS Credit and Special Asset Management Director as permanent member for credit issues • Finance and Corporate Services Director as permanent member for all non-credit issues

EXCO meetings were held where necessary, depending on the importance and urgency of the matter need to be followed up. EXCO meetings may be attended in person by EXCO members or via telephone/video conference. The quorum needs to cover at least majority EXCO members (>50 per cent), including EXCO Chairman or EXCO Acting Chairman if the Committee’s Chairman is not present. Decisions made at EXCO meeting were deliberated upon to achieve consensus. In the event that consensus could not be reached, the Chairman of the Committee or Interim Chairman had the final casting vote. EXCO decisions may also be made by circulation, provided that EXCO members have been notified in writing of the proposal submitted. The approval of EXCO members shall also be conveyed on the written proposal. Decisions made in such manner shall have the same force as decisions validly made in any EXCO meeting. All decisions of the meeting are noted in the minutes of meeting signed by all members of the Committee present and properly documented, including any dissenting opinions expressed at the Committee meeting.

Duties and responsibilities of EXCO include: a. Formulate and discuss the policy issued by considering the entire planning and implementation of strategies to achieve medium-term and long-term objectives of the Bank; b. Review and decide upon proposals or submissions on the purchase or sale of the Bank’s fixed assets, the Bank’s inventories, procurement of other goods and services, according to prevailing regulations; c. Determine relevant policies and guidelines for all related dealers, officials and committees involved in the treasury and investment activities of the Bank. Work Programme of EXCO and their realisation in 2013 include, but are not limited to: No. Work Programme 1. Formulate and discuss policy issue by considering the overall planning and implementation strategy to achieve Bank’s mid-term and long-term objective.

Realisation • Evaluated and approved the proposal related to Core Banking Refresh project. • Evaluated and approved the implementation of PSAK 38 (2012 Revision) concerning Combination of Single Ownership Business Entity.

• Evaluated and granted 2. Analyze and make approval for supplementary decisions on proposals budget. or requests of • Evaluated and granted purchase or sale of approval for sale of Bank’s fixed asset, foreclosed collateral asset or Bank’s inventory, by the Bank. procurement of other goods and services, in accordance with prevailing regulations. 3. Evaluate approval limit Evaluated and granted authority for operating approval on the determining expenses. approval limit and authority for operating expenses. Assets and Liabilities Committee (ALCO) Based on Directors’ Decree No.13/SKDIR/0027 dated 5 June 2013 the composition of Asset and Liability Management Committee is as follows: Composition of Assets and Liabilities Committee Members as of 31 December 2013 Chairman President Director Deputy Chairman

• Deputy President Director – Business • Deputy President Director – Admin and Operations

Secretary

Market Risk and Balance Sheet Risk Management Head

Composition of Assets and Liabilities Committee Members as of 31 December 2013 Permanent • IFS Credit Approval and Special Assest Member Management Director • Finance and Corporate Services Director • Global Market and Investment Management Head • Risk Management Head • Personal Financial Services Head • Corporate Banking Head • Business Banking Head • Transaction Banking Head Non Permanent Member

A special invitee assigned by permanent member

The Assets and Liabilities Committee meeting was conducted at least once a month. The duties and responsibilities of the ALCO are as follows: a. Granting approval for the following: • Policy: Asset Liability Management Policy; • Limits: Market Risk, Banking Book Interest Rate Risk and Liquidity Risk appetite limits and Risk control limits; • Pricing: Pricing, FTP, IDR prime Lending Rate (SBDK); and • Strategies: Target Balance Sheet Mix, Strategic Incentive, Minimum Liquidity Buffer. b. Providing endorsement for the following: • Market Risk Management Policy; • Interest Rate Risk Management Policy; • Liquidity Risk Management Policy; • Methodologies and assumptions used in the asset and liabilities management; and • Internal model related initiatives (when ready) used in regulatory reporting. c. Ratifying of limits excesses and granting temporary limits for Market Risk, Banking Book Interest Rate Risk and Liquidity Risk. d. Monitoring and Reporting: • Highlight limit excesses of risk appetite limit for escalation to ALCO, Risk Management Committee and Board of Directors; • Asset and liability reports, market risk reports and liquidity risk reports; • The current and prospective liquidity positions and alterative funding sources; and • Availability of sufficient liquidity for unanticipated contingencies.


Corporate Governance e. Provide forum for discussion and decisions on all aspects of market risk, banking book interest rate risk, and liquidity risk. f. Ensure compliance with relevant regulatory balance sheet management requirements. Work Programme of ALCO and its realisation in 2013 includes but is not limited to: Work Programme Conducting ALCO meeting at least once a month

Realisation • During 2013, Directors through ALCO members have held 13 (thirteen) meetings to take decisions for implementation of strategies in managing the Bank’s assets and liabilities to achieve sustainable growth and increase profitability. • In addition, ALCO has reviewed and approved several proposals through circulation.

Risk Management Committee (RMC) Pursuant to Decision No.10/SKDIR/1615 dated 18 October 2010, the composition of Risk Management Committee is as follows: Composition of Risk Management Committee Members as of 31 December 2013 Chairman President Director Deputy Chairman

Deputy President Director – Admin and Operations

Secretary

Head of Risk Management

Permanent Member

• Deputy President Director – Business • Compliance Director • Finance and Corporate Services Director

Non Permanent Members

Other relevant Director/Group Head/ Unit Head

The Risk Management Committee meetings are conducted once every 3 (three) months, or more when necessary. The duties and responsibilities of the Risk Management Committee are as follows: a. Duties • Endorse Risk Management Strategy, Policies and Guidelines to be embraced by the whole organisation of the bank, for approval by the Board of Commissioners. • Endorse/approve Risk Management enhancements. • Endorse the Bank’s risk management framework and methodologies.


• Evaluate the Bank’s capability to operate under stressed condition in terms of capital adequacy and provisioning. • Assess the Bank’s internal capital adequacy to ensure the Bank’s overall capital adequacy is aligned with its risk profile. • Justify matters pertaining to business decisions made in departure from normal procedures (irregularities). b. Responsibilities • Ensure the Bank’s risk portfolio is within the prescribed risk appetite. • Ensure the adequate balance between risk taken and return generated through a rigorous measurement process. • Oversee the implementation of Enterprise Risk Management through proper risk measurement methodologies and risk based performance evaluation. Work Programmes of Risk Management Committee and their realisation in 2013 include but are not limited to: No. Work Programme Realisation 1. Conduct Risk During 2013, RMC Management Committee meetings were conducted meeting once every 3 (three) 8 (eight) times. months or more, as and when necessary. 2. Review the Bank’s Risk Profile.

Review on the Bank’s risk profile was conducted in the quarterly Risk Management Committee meetings.

Credit Policy Committee Based on Directors’ Decree No.13/SKDIR/0039 dated 3 July 2013 the composition of Credit Policy Committee is, as follows: Composition of Credit Policy Committee Members as of 31 December 2013 Chairman President Director Deputy Chairman

IFS Credit and Special Asset Management Director

Secretary


Permanent Member

• Deputy President Director – Business • Deputy President Director – Admin and Operations • Head of Risk Management • Head of Retail Credit


• Head of Corporate Banking • Head of Corporate Banking 1 • Head of Corporate Banking 2 • Head of Business Banking

The Credit Policy Committee meetings were held based on the Bank’s needs.

Work Programmes of Credit Policy Committee and their realisation in 2013 include but are not limited to:

The duties and responsibilities of the Credit Policy Committee are: a. Duties • Provide advice and preliminary approval on the Credit Policy which will be approved and implemented by Board of Directors. • Monitor and evaluate the Bank’s credit portfolio quality. • Monitor and evaluate the regulatory compliance of credit activities. • Monitor and evaluate the effectiveness of credit risk governance structure. • Monitor and evaluate the implementation of credit discretionary limits. • Monitor and evaluate the adequacy of credit origination process, the change and quality of credit to related parties and large credit exposures. • Monitor and evaluate the adequacy of Legal Lending Limit implementation. • Monitor and evaluate Non Performing Loan workout in alignment with the Bank’s prevailing credit policy. • Monitor and evaluate the Bank’s effort to satisfy credit risk provisioning. • Monitor and evaluate the adequacy of the Bank’s infrastructure.

No. Work Programme Realisation 1. Monitor and • Periodically, Credit Risk evaluate on credit Management Division submits portfolio quality a routine report in the form and significant of Credit Risk Highlight issues related to to the Board of Directors credit business. (as permanent member of committee), and with a copy to the Board of Commissioners. • Credit Risk Management Division also delivers several reports related to the Bank’s credit risk to the Board of Directors as a permanent member of the Committee, such as proposed stress test report and updated Credit policy.

b. Responsibilities • Report to the Board of Directors and copy to Board of Commissioners periodically, concerning: - monitor result of implementation of Credit Policy; - monitor and evaluate results in relation to the duties performed by Credit Policy Committee. • Recommend improvement plans to the Board of Directors and copy to the Board of Commissioners in relation to responsibilities mentioned in the previous point.

2. Review and provide recommendations on revised credit policy.

During 2013, Credit Policy Committee meetings were conducted 6 (six) times.

Human Resources Committee Based on Directors’ Decree No.12/SKDIR/0643 dated 3 December 2012 concerning Head Office Human Resources Committee, the composition of Human Resources Committee is, as follows: Composition of Human Resources Committee Members as of 31 December 2013 Chairman President Director Members

• Deputy President Director – Business • Deputy President Director – Admin and Operations • Head of Human Resources

Human Resources Committee meetings are conducted at least twice a year or based on Bank’s needs. The Human Resources Committee can invite members of other company management to the meetings if needed.


Corporate Governance The duties and authorities of Human Resources Committee are: a. Duties • Ensure that Human Resources Policies are aligned with corporate strategy and objective; • Establish a strategy to maintain the quality of human resources; and • Establish strategy of human resources development. b. Authorities • Discuss and improve key policies in human resources area; and • Determine the programme related to Human Resources Policies. Work Programmes of Human Resources Committee and their realisation in 2013 include, but are not limited to: No. Work Programme Realisation 1. Conduct meetings at During 2013, Human least twice in one year. Resources Committee has conducted 6 (six) meetings. 2. Develop reward programme for employees.

Proposed to give Recognition Award to employees with outstanding achievements.

3. Review employees benefit

Implemented Car Ownership Programme (COP) for Board of Management (BOM) members.

4. Improve employees’ competency.

Formulation of Technical Competency as career management guidelines.

5. Organisation and People Review (OPR).

• Updated OPR mechanism. • Identified UOBI Corporate Key Talent and Talent on Division and Regional level. • Determined Individual Development Plan for each respective talents.

6. Analyse performance and remuneration assessment.

• Evaluated performance assessment result. • Stipulated guidelines in promotion process. • Highest panel discussion in employees’ performance assessment. • Analysed promotion proposal/recommendation.


Business Continuity Management Committee (BCM) Based on Directors’ Decree No.13/SKDIR/0054 dated 25 September 2013 the composition of Business Continuity Management Committee is, as follows: Composition of Business Continuity Management Committee Members as of 31 December 2013 Chairman President Director Deputy Chairman

Deputy President Director – Admin and Operations

Recovery Director

Head of Technology and Operations

Alternate Recovery Director


Members

• Deputy President Director – Business • Finance and Corporate Services Director • Compliance Director • Head of Human Resources • Treasury Head • Head of Channels

Business Continuity Management Committee Meeting would be held as necessary. All decision should be taken through formal meetings, documented by written approval form. The duties and responsibilities of BCM Committee are: a. Duties Assist the Board of Commissioners and Board of Directors in overseeing the Bank’s BCM programme. BCM Committee acts as a Management forum to discuss BCM issues and provide strategic oversight in relation to Business Continuity Planning (BCP)/Disaster Recovery Plan (DRP). b. Responsibilities • Direct BCM in the Bank; • Ensure the overall effectiveness of the Bank’s BCM capability; • Support policies, guidelines, and BCM strategy; • Approved list of critical functions; • Manage BCM particularly to risk management issues; • Review periodic reports regarding status of Bank’s BCM programmes; and • Review annual attestation of Bank’s BCM.

Work Programme of BCM Committee and its realisation in 2013 includes, but is not limited to: Work Programme Business Continuity Management Committee Meeting would be held as necessary. All decision should be taken through formal meeting, documented by circulation written approval form.

Realisation During 2013, BCM Committee meetings were conducted twice to discuss about BCP relocation plan, Revision of BCM Policy and Guidelines, and discuss about BCP relocation plan to dedicated site and table top exercises for Branch BCP Wide Area Disruption (WAD).

Credit Committee Based on Directors’ Decree No.13/SKDIR/0051, dated 25 September 2013 concerning Credit Commitee and Joint Signing Authority (JSA), the composition of Credit Committee is, as follows: Composition of Credit Committee Members as of 31 December 2013 I. Joint Signing Authority (“JSA”) - Retail Credit a. Deputy President Director – Business b. Head of Retail Credit c. Related business function head d. Related credit approval function head II. Joint Signing Authority (“JSA”) - IFS Credit a. Deputy President Director – Business b. IFS Credit and Special Asset Management Director c. Related business function head d. Related credit approval function head III.Credit Committee - Retail Credit a. Deputy President Director – Operations b. Deputy President Director – Business c. Head of Retail Credit IV.Credit Committee - IFS Credit a. Deputy President Director – Operations b. Deputy President Director – Business c. IFS Credit and Special Asset Management

Credit Committee meetings have been conducted if there are exposures proposal with some nominal limitations, determined by the Bank. Authority of Credit Committee is to approve Credit Disbursement, based on enacted Credit Discretionary Limit authority.

Information Technology Committee Based on Directors’ Decree No.13/SKDIR/0033, dated 20 June 2013 concerning Information Technology Committee, the composition of Information Technology Committee is, as follows: Composition of Information Technology Committee Members as of 31 December 2013 Chairman President Director Deputy Chairman

• Deputy President Director-Admin and Operations • Deputy President Director-Business

Secretary 1

Business Technology Services Head

Secretary 2

Shared Infrastucture Services Head

Member

• Head of Technology and Operations • Finance and Corporate Services Director


• Head of Personal Financial Services • Head of Transaction Banking • Head of Channels • Head of Global Markets and Investment Management

Information Technology Committee meetings were held according to the Bank’s needs. Duties and Authorities of Permanent Members: a. Duties • Assist the Bank in setting up and monitoring the Bank’s investment in Information Technology and responsible for infrastructure development and information technology strategic plan, and ensure that they are in line with Bank business strategy; • Perform special discussion on information technology development, that is currently being used by the Bank‘s and popular, especially in the banking industry; • Formulate a policy format in regard to the use of information technology in optimum and efficient manner; • Provide decision on the use of new technology according to the needs of the Bank; and • Assist the Bank in directing, monitoring and managing information technology security risk according to technology security policy. b. Authorities • Provide recommendation on all minimum review according to the field of work to IT Committee; • Conduct regular review on progress of IT’s main activities; • Stipulated a policy related to the use of software, hardware and Professional Service to be used and subsequently make recommendation to the Board of Directors meeting and/or EXCO if necessary; and

During 2013, there were 434 credit proposals presented to Credit Committee. PT BANK UOB INDONESIA Annual Report 2013 | 57

Corporate Governance • Formulate a policy concerning relationship among working units in the use of information technology to create harmony and to drive greater operational efficiency. Duties and Authorities of Non-Permanent Members: a. Duties • Conduct a feasibility study of the plan to use Information Technology to support its work plan; This study includes financial, technical, operational and legal feasibility; • Develop a project proposal; • Give a presentation to IT Committee to obtain its approval and recommendation; and • Provide project status report regularly to IT Committee. b. Authorities • Recommend/propose the IT usage plan including budget, schedule and allocation of human resources; • Oversee IT project implementation; and • Managing approved projects. Work Programmes of Information Technology Committee and are realisation in 2013 includes but are not limited to: Work Realisation Programme IT Committee has conducted 7 (seven) 1. Conduct routine meetings to meetings in 2013. review and approve IT investment; monitoring of IT strategic projects; review and approve strategic IT policy.

No.

2. Monitoring Strategic IT project.

Performed monitoring on strategic IT project: ‘Core Banking System Refresh’ and DRC Relocation.

3. Determine • Renewed establishment of IT strategic IT policy. Committee to align with the latest condition of the Bank. • Approved IT strategy in infrastructure area to support Core Banking System Refresh Project and DRC Relocation. 4. Review and approve IT Investment for purchase of equipment and IT projects implementation.

Several IT investments in procurement of equipments or IT projects had been approved.


Anti Money Laundering Committee (AML) Based on Directors’ Decree No.13/SKDIR/0050 dated 19 September 2013 concerning Anti Money Laundering Committee, the composition of Anti Money Laundering Committee is as follows: Composition of Anti Money Laundering Committee Members as of 31 December 2013 Chairman (also act as President Director member) Member

• Deputy President Director-Business • Compliance Director • Head of Technology and Operations • Head of Risk Management • AML/CFT and Sanction Division Head

Secretary

AML/CFT Policy and System Head

The AML Committee shall meet on a monthly basis when requiring a decision in line with its duties, authority and responsibilities. In this case, AML Committee secretary will prepare meeting invitation/request circular approval. The duties, authorities and responsibilities of Anti Money Laundering Committee are to: a. Endorses consideration for significant changes to, and deviations from the Bank’s Policy on the Anti Money Laundering and Countering the Financing of Terrorism and Sanctions for final approval from the Board of Management; b. Approves AML/CFT and Sanctions Directives, in line with AML/CFT and Sanctions framework; c. Approves the on-boarding of prospective or the continuation of an existing relationship with specific customers deemed to pose higher reputation and ethical risks to the Bank; d. Manages, arbitrates and decides on conflicts arising from differing views between Businesses work function and Compliance Work Function on customer acceptance of specific new customers, and the retention of existing customers; e. Approves account closure arising from the associated AML/ CFT and Sanctions compliance risk exposure, contributed by specific any existing customers; f. Approves any significant AML/CFT and Sanctions related matters that increase the money laundering or terrorist financing risk exposure to the Bank; g. Approves any AML/CFT and Sanctions controls implementation that poses high AML/CFT risks and approves compensating AML/CFT controls for implementation; and h. Provides forum for the Board of Management discussion and decision on any reputational and regulatory compliance issues relating to money laundering, terrorist financing and sanctions.

During 2013, Anti Money Laundering Committee has held 5 (five) meetings and gave 15 (fifteen) circular approvals, including approval on policies and procedures. Through meetings conducted in 2013, there were 9 (nine) cases escalated to the Anti Money Laundering Committee that are related to viewpoint differences in compliance towards regulation, acceptance of specific new customers, and maintaining business relationships with existing customers.

b. Region Service Quality Committee whose membership composition is as follows: Composition of Region Service Quality Committee Members as of 31 December 2013 Chairman Regional Manager Secretary

Regional Operation Manager

Permanent Members

• Regional Personal Financial Services Sales Head • Regional Commercial Banking Head • Regional Business Banking Head • Regional Privilege Banking Head* • Regional Human Resources Head**


All Work Units which are related to the subject of the Committee meeting

Details of escalated cases are as follows: Status

Total Cases

Escalation during 2013

Closed

Blocked

Rejected

1

Mar

-

-

1

3

May

1

2

-

4

Jun

4

-

-

1

Oct

-

1

-

Service Quality Committee Based on Directors’ Decree No.12/SKDIR/0606, dated 18 June 2012 concerning Service Quality Committee, composition of Service Quality Committee is, as follows: Service Quality consists of 2 (two) committees: a. Head Office Service Quality Committee whose membership composition, is as follows: Composition of Head Office Service Quality Committee Members as of 31 December 2013 Chairman President Director Deputy Chairman • Deputy President Director-Business • Deputy President Director-Admin and Operations Secretary Customer Advocacy and Service Quality Head Permanent • Head of Personal Financial Services Member • Head of Commercial Banking • Head of Business Banking • Head of Channels • Head of Technology and Operations • Head of Human Resources Non Permanent • Members of Board of Management Members • Work Function Head which has relevance to the subject of the Committee meeting

* If there is no Privilege Banking Regional Head, then it can be replaced by Privilege Sales Manager. ** If the Regional Human Resources Head does not exist, the Chairman can assign another executive on the same level.

Service Quality Meeting will be conducted according the following terms: 1. Head Office Level will be held every 3 (three) months in a year as necessary. 2. Regional Level will be held once a month or more in a year or more as necessary. Duties and responsibilities of Head Office Service Quality Committee based on the position are, as follows: a. Chairman • Conducts evaluation of Customer Satisfaction and Service Index achievement including implementation of the Bank’s Service Blue Print. • Along with the committee members, grants approval to the submitted proposals relating to improvement of Service Quality. • Makes final decision on issues that cannot be resolved by Regional Service Quality Committee related to Service Quality improvement. b. Deputy Chairman • Ensures the achievement of Customer Satisfaction and Service Index including implementation of the Bank’s Service Blue Print. • Ensures implementation of final decision on issues escalated by Regional Service Quality Committee and implementation of policies related to Service Quality.


Corporate Governance c. Secretary • Coordinates Head Office Service Quality Routine Meeting every 3 (three) months or as necessary and urgent Ad Hoc Meetings. • Coordinates and evaluates materials from Regional Service Quality Committee that will be submitted to Head Office Service Quality Committee. • Makes Minutes of Meeting of Head Office Service Quality Committee Meeting and distribute it to relevant parties. • Conveys the decision from Head Office Service Quality meetings to all members including the Regional level. • Follows up and ensures the implementation of any decision taken by Head Office Service Quality Committee level. • Supervises/monitors the implementation of Regional Service Quality Committee routine and Ad Hoc meeting. d. Permanent Members • Are the permanent members of the Committee who evaluate the achievement of Service Index and Customer Satisfaction Index. • Make decision on proposals submitted by the Regional Service Quality Committee and resolve current issues. Duties and responsibilities of Regional Service Quality Committee based on the position are as follows: a. Chairman • Responsible for making the framework of Service Quality in each working unit under coordination and implementation of Service Quality Standard to achieve Customer Satisfaction and Service Index in accordance with the Bank’s Service Blue Print target. • Conducts monthly evaluation related to the improvement of Service Quality and determine output of Regional Service Quality Committee which will be submitted to Head Office Service Quality Committee. • Obligated to deliver regional Service Quality Committee Organisation Structure, including any changes to the Secretary of Head Office Service Quality. Committee, in this case the Head of Customer Advocacy and Service Quality. • Have the authority to make changes/adjustment to the work process/ workflow of business without violating the rules and policies regarding risk mitigation. • Follows up and ensures the implementation from every decision that has taken by Head Office Service Quality Committee based on the proposal submitted.


b. Secretary • Responsible for coordinating the implementation of Regional Service Quality Committee regular meeting. • Responsible for preparing minutes of Regional Service Quality meeting and required to submit a copy to the Secretary of Head Office Service Quality Committee, in this case Head of Customer Advocacy and Service Quality. • Conveys the material to be submitted to Head Office Service Quality Committee meeting to Head of Customer Advocacy and Service Quality based on the decision of Regional Service Quality Meeting. • Follows up and ensures that implementation from every decision taken by Regional Service Quality Committee meeting and the entire proposal has been submitted to the Head Office. c. Permanent Member • Responsible for the achievement of Customer Satisfaction and Service Index, according to the target planned in the Bank’s Service Blue Print. • Together with the Chairman of Service Quality, formulate, performs supervision on Regional Service Quality Framework, and also performs evaluation on the Service Quality implementation. • Proposes improvement and gives opinion on the constraints to be presented in Head Office Service Quality Committee, or provides advice on Regional Service Quality Framework. • Responsible for following up with Regional Service Quality and also Head Office on submitted proposal to work with other related functions. Work Programmes of Service Quality Committee and their realisation in 2013 include but are not limited to: No. Work Programme 1. Conduct Service Quality Committee Meeting at least twice a year.

Realisation During 2013, Service Quality Committee has conducted 2 (two) meetings.

2. Revise provision on Customer Complaint Handling.

Established Revision of Guidelines on Settlement of Customer Complaint.

Ethic Panel Committee Based on Directors’ Decree No.13/SKDIR/0035 dated 1 July 2013 concerning Ethics Violation Review Panel, the composition of the Ethics Panel Committee is as follows: Composition of Ethics Panel Committee Members as of 31 December 2013 Chairman Head of Human Resources Deputy Chairman Compliance Director Permanent Members

• President Director • Deputy President Director – Admin and Operations • Deputy President Director – Business • Head of Risk Management • Legal Head


Non Permanent Members are appointed by Permanent Members according to the case investigated

Keynote Speaker/ Specialist Team

• Internal Audit Head • Anti Fraud and Investigation Head • Work unit/individual determined based on case discussed

Note : In case the Function/Branch Head which is also a member is absent, the Committee Chairman and Deputy Chairman may appoint a representative of the absentee to act as a temporary Member.

Ethics Panel Meetings will be conducted, according to the Bank’s needs. Duties and responsibilities of Ethics Panel Committee based on their positions are as follows: a. Chairman Conducts matters related to coordination, discussion and preparation of panel session in order to perform special investigation to every fraud cases based on the investigation result from Internal Audit Work Function or Anti Fraud and Investigation Unit. b. Permanent Members and Non-Permanent Members Conduct panel session to investigate, discuss and assess investigation result report from Anti Fraud and Investigation to the occurred fraud case. Work Programme of Ethics Panel Committee and its realisation in 2013 includes but is not limited to: Work Programme

Realisation

Solve ethics breach cases, which are fraud and integrity violation.

Meetings have been conducted according to the investigation result conducted by Internal Audit Work Function and Anti Fraud and Investigation. During 2013, Ethic Panel Committee has conducted 5 (five) meetings.

Corporate Secretary Disclosure of Tasks and Responsibilities The Corporate Secretary has an important role in ensuring the effectiveness of communications between shareholders and the Bank. The Corporate Secretary is responsible for announcing on the condition and performance of the company based on relevant laws and regulations as well as the Bank’s Articles of Association. The Corporate Secretary has the following tasks: • To act as the Bank’s representative and as a liaison officer between the Bank and all its stakeholders regarding the Bank’s activities; • To manage the delivery of information on the Bank’s performance and corporate actions to the public; • To submit Bank’s Annual Report and Financial Statements periodically to related stakeholders; and • To coordinate the organisation of meetings of the Board of Directors, meetings of the Board of Commissioners and the GMS. Among the stakeholder engagement activities implemented by the Corporate Secretary in 2013 were as follows: 1. Organising General Meeting of Shareholders; 2. Attending Board of Commissioners and Board of Directors meetings and providing minutes of meetings. The Implementation of Compliance, Internal Audit, and External Audit Functions Compliance Function The Role of Compliance Work Function The implementation of Bank’s Compliance Function refers to Bank Indonesia Regulation No.13/2/PBI/2011 and Bank Indonesia Regulation No.11/25/PBI/2009. Roles and responsibilities of Compliance Work Function, among others, are: a. Creating steps in order to support creation of Compliance Culture in overall Bank’s business activities at every organisational level; b. Conducting identification, measurement, monitoring, and control of Compliance Risk with reference to the Bank Indonesia Regulation concerning The Implementation of Risk Management for Commercial Banks; c. Assessing and evaluating strictly, in collaboration with the Business/Support Sectors, the effectiveness, adequacy, and appropriateness of policies, provisions, systems and procedures owned by the Bank with prevailing regulations;


Corporate Governance d. Conducting reviews and/or recommending updating and refinement of policies, regulations, systems and procedures owned by the Bank to comply with prevailing Bank Indonesia regulations and other regulations; e. Conducting efforts to ensure that all policies, provisions, systems and procedures, as well as the Bank’s business activities are in compliance with prevailing Bank Indonesia regulations and other regulations; and f. Conducting other duties related to Compliance Function. Actions to Prevent Deviation From Prevailing Regulation Compliance Director through Compliance Work Function always monitors and controls Bank’s business activities so that they do not violate prevailing regulations by ensuring the Bank’s compliance to Bank Indonesia provisions and prevailing legislations. This is reflected from the existence of measures that have been put in place: a. Supporting creation of Compliance Culture in all Bank business activities at all levels of organisation through establishment of: • Compliance Charter; • Compliance Organisation Structure; • Compliance Standard Operational Procedure. b. Conducting identification, measurement, monitoring and controlling process towards Compliance Risk through: • Review and Testing Procedure; • Supervision of sanction imposed by regulator. c. Assessing and evaluating adequacy and conformity of the Bank’s policy, provision, system and procedure with the prevailing laws and regulation through: • Report of Review and Testing Result; • Regulatory Risk Assessment Report. d. Providing Compliance Opinion. e. Monitor and report Follow Up on Regulator Audit Result. f. Communicate regulator provisions, either through faceto-face or through Compliance News, including provides information on compliance related matters. g. Evaluate Marketing Material Checklist.


h. Monitor follow up of Risk Based Bank Rating - Good Corporate Governance (RBBR-GCG) Working Group. i. Act as liaison officer for compliance-related issues between the Bank and regulator or internal Bank units. The Implementation of Good Corporate Governance The provision related to the Implementation of GCG for Commercial Banks refers to Bank Indonesia Regulation No.8/4/ PBI/2006 dated 30 January 2006 and No.8/14/PBI/2006 dated 5 October 2006 as well as Bank Indonesia Circular Letter No.15/15/DPNP dated 29 April 2013. The Bank consistently ensures that GCG principles are implemented in every business aspects and at all levels of the Bank. Those GCG principles are transparency, accountability, responsibility, independency and fairness. These five GCG Principles should be applied to at least 11 (eleven) Factors of GCG Implementation, where the effectiveness of each factor be able to be assessed from 3 (three) governance aspects as a continuous process. Those three aspects are: a. Governance Structure is an aspect that consists of Bank governance structure and infrastructure adequacy in order for the implementation process of GCG principles to yield result conforming to the expectation of the Bank stakeholders. b. Governance Process is an aspect that consists of effective GCG principles implementation process, supported by adequate governance structure and infrastructure of the Bank in order to produce outcome as expected by the Bank stakeholders. c. Governance Outcome is an aspect that reflects the result of GCG principles implementation which fulfil the expectation of Bank’s stakeholders with the support of adequate governance structure and infrastructure of the Bank. This implementation of GCG principles is evaluated periodically through GCG Self-Assessment and is submitted to regulator and the Bank’s Management as a part of the Bank Soundness Rating Report (Risk-Based Bank Rating).

As a form of the Bank’s commitment in conducting continuous improvement process on the GCG principles implementation, the Bank has formed Risk-Based Bank Rating (RBBR) Working Group which aims to monitor, maintain and/or improve the composite rating of Risk-Based Bank Soundness Rating continuously. This mechanism has been stipulated in Bank policy, which is Directors’ Decree No.13/SKDIR/0064 dated 17 September 2013 concerning PT Bank UOB Indonesia Soundness Rating Evaluation System. Internal Audit Function Implementation With reference to Bank Indonesia Regulation No.1/6/PBI/1999 dated 20 September 1999 on the Appointment of Compliance Director and Standards for the implementation of Bank’s Internal Audit Function (SPFAIB), the Bank has implemented internal audit function and established the Internal Audit Charter and internal audit guidelines. Internal Audit carries out its function according to the Standards for the Professional Practice of Internal Auditing set by the Institute of Internal Auditors and other relevant best practices. It performs independent assessment of the reliability, adequacy and effectiveness of the Bank’s system of internal controls, risk management and governance processes. Internal Audit

has unfettered access to information, Management and the Audit Committee, and reports its audit findings to the Audit Committee and Management. Head of Internal Audit reports to the President Director and can directly communicate to the Board of Commissioners through Audit Committee. Internal Audit develops its audit plan using a risk-based approach and reviews the audit plan annually. Audit projects are prioritised and scoped based on its assessment of the Bank’s risks and controls over the risk types. The internal audit plan is submitted to and approved by the Audit Committee and CEO. Significant findings from audits are highlighted to the Audit Committee through audit reports and at the Audit Committee meetings periodically. There is an established follow-up process to monitor and ensure appropriate and effective rectification of business issues highlighted in the audit reports. Internal Audit has a programme to evaluate the quality performance of internal audit which consist of Ongoing Performance Monitoring Reviews, Internal Quality Assessments and External Quality Assessments. Number of Internal Fraud and Bank’s Effort to Overcome Fraud Number of fraud cases in 2013 is shown in the table below.

Total Cases Conducted By Management

Internal Fraud in 1 (One) Year

Permanent Employee

Non Permanent Employee

Previous year Current year Previous year Current year Previous year Current year (2012) (2013) (2012) (2013) (2012) (2013) Total fraud

-

-

Settled

-

-

Settlement process in Bank’s internal

-

-

Not yet in settlement process

-

-

Settled through legal process

-

-

25

6

-

-

17

5

-

-

5**

1*

-

-

-

-

-

-

-

-

-

-

* 1 (one) case is still in process, waiting for settlement payment from the offender. ** 5 (five) cases are still in process, waiting for legal process.


Corporate Governance External Audit Function Implementation As approved in the AGMS, based on recommendation from Audit Committee through the Board of Commissioners, the Bank has appointed Registered Public Accountant in Bank Indonesia, namely Purwantono, Suherman and Surja. The performance of Public Accountant Firm - Purwantono, Suherman and Surja has met specified aspects and perform the audit independently, also met the public accountant professional standards and audit scope, which specified in the applicable regulation, as stipulated into Engagement Letter between Public Accountant Firm and the Bank. Corporate Values Code Of Conduct The Bank’s code of business conduct and ethics is the foundation of our governance framework and reflects our commitment to doing what is fair, right and legal. All UOB Indonesia management and employees are committed to upholding and strengthening the implementation of GCG practices that puts forth the moral and ethical principles based on the Bank’s code of conduct and ethics. The Bank regularly reviews the code of conduct and ethics and disseminates it to all employees and management to ensure that they understand its requirements and put them into practice. The code of conduct set out in six components: 1. Responsibilities to the Bank The Bank has the obligation to cooperate with external investigation team and internal audit, obligation to safeguard the interests of the Bank in terms of intellectual property rights, the use of IT tools of the Bank for the purpose of the interest of the Bank, provide record promptly and accurately, document storage as applicable and prohibition to influence employees or others, associated with business relationship (non-solicitation). 2. Responsibilities at the workplace The Bank should promote a non-discrimination culture to create a conducive and healthy work environment. 3. Responsibility to customers and other external parties The Bank imposes a ban on accepting gifts or money from any outside party, proper business judgment when selecting a third party to partner with the Bank. The Bank also prohibits political activism. 4. Secrecy All employees are obligated to maintain confidentiality, customer privacy and security of customer data.


5. Investment and external activities The Bank prohibits insider trading activities. It also avoids involvement in transactions where there is conflict of interest. It also prohibits any external activities which directly or indirectly may interfere with performance of employees and/or the Bank. 6. Legal provisions and other major compliance The Bank prohibits against violations of anti-trust laws and complies with all prevailing laws and regulations. Corporate Values The Bank’s core values are fundamental to the way it operates as a company. The core values of the company are representations of the Bank’s corporate culture and how it runs and manages its business. Bank corporate values are as follows: • Integrity Maintaining and implementing a high standard of ethics, morality and law, in all communications and customers’ activities, as well as communities by setting aside personal interests. • Teamwork Cooperating as a team, helping each other to achieve desired purpose while appreciating each function and task without feeling superior to others. • Trust and Respect Trust and respect to customers as well as business partners and treating all with an open mind, honesty and respect in every word and action. • Performance Excellence Striving for better performance everyday because we aim to lead the market as an organisation with sustainable growth and development. Whistle Blowing System The Bank has established policy and procedure for whistle blowing. This policy was created to encourage each employee to report any breach or potential breach of laws, regulations, the Bank’s policy, or code of conduct and ethics, while protecting them from any potential threat due to their report. Whistle blowers can submit their report verbally or in written form, to the respective direct supervisor, Head of Internal Audit, President Director, or Head of Audit Committee. To support this policy, the Bank provides telephone, facsimile and 24-hour hotline services. These facilities are operated by the Internal Audit unit. The whistleblower who reports information in good faith will not be put at risk of dismissal or retalitation.

Risk Management The risk management vision is “to make risk management an embedded culture in every phase of the organisation’s operating cycle (plan, do and feedback) and across all activities”. To achieve the Risk Management vision, the Bank applies the following risk management principles: • To promote a long-term sustainable growth through embracing sound risk management principles and business practices; • To increase risk discovery capability on an on-going basis; and • To facilitate business development within a risk management framework that balances risks and returns. Risk exposures are evaluated and reported in the Bank’s Risk Profile Report. Risks taken by the Bank in performing its business strategies are managed in line with the Bank’s prudent principles and it delivered a score of ”low” in the assessment of its inherent risks and a score of “strong” for its risk control system in the second semester of 2013. The Bank’s risk composite score throughout 2013 was maintained at a “low” level on the basis of Bank Indonesia’s overall risk assessment matrix. General Risk Management Implementation Active Supervision by Board of Commissioners and Board Directors Once in every quarter the Board of Commissioners (BoC) holds a BoC Meeting with Directors, Risk Monitoring Committee, and Head of Risk Management to review risk management matters and, if any, improvement plans. In addition, BoC also approves the Risk Management Policies, reviews Risk Profile Report, and evaluate the implementation of the Bank’s control system. In 2013, the BOC conducted four meetings. The Board of Directors, through various Management Committees (i.e. Asset and Liability Committee, Risk Management Committee, Credit Policy Committee, etc) has carried out their roles and responsibilities in reviewing the adequacy of risk management methodologies, policies, procedures and authorization of limits. These roles and responsibilities are documented in the Terms of Reference of various Committees.

The Board of Directors ensures that employees are recruited based on the requirements needed and their competency in effectively managing risks. Staff member undergo Risk Management Certification and other training courses as part of the Bank’s ongoing efforts in improving the staff’s risk management capability. Adequacy of Policy, Procedure, Limit, and Process of Risk Management The Bank has established a comprehensive framework of policies and procedures to identify, measure, monitor and control risks. Risk Management function continues to update and enhance its policies and procedures to adapt to changes in the Bank’s business. Risk limits are in place for various risk types and in line with the Bank’s risk appetite. On a regular basis, Risk Management function reports the implementation of Bank’s risk management to senior management and Bank Indonesia, through various risk reports. All excess limits and any significant changes are escalated to the related Directors and officers for further mitigation actions. Internal Control System In order to manage risk, the Bank has several internal controls, which is focused on dual control implementation, segregation of duties, and adequacy on internal controls for any significant transaction and Bank’s functional activities. 1. Risk Owner Risks are identified and managed at a level where the specific event occurs. All risks, once identified, are assigned to the risk owners to ensure the risks are managed and monitored over time. In managing various types of risk, the risk owners are assisted by several internal control functions such as Branch Quality Assurance, Policy and Operations Assurance, Regulatory Assurance and Risk and Decision Management. 2. Segregation of Duties Segregation of duties is the critical element of internal control in order to reduce mistakes and inappropriate actions. The Bank assigns various functions to ensure the check and balance in decision making, such as Middle Office, Credit Approval, Loan Operations and Treasury Settlement. 3. Control Functions The Bank assigns several functions as independent controller, such as Internal Audit, Risk Management, Compliance, IT Security and Legal.


Corporate Governance Risk Management Implementation for Each Type of Risk Credit Risk Credit risk is defined as the risk of loss arising from any failure by a debtor or a counterparty to fulfill its financial obligations as and when they fall due. Credit risk is the largest risk faced by the Bank and it is inherent in Bank activities such as provision of funds and commitments, treasury, capital markets, investments, and offbalance sheet transactions. The Bank believes that a disciplined approach towards credit risk measurement is essential to the effective understanding and management of credit risk. Credit Risk Management Governance Structure Credit Risk Management function “CRM” provides independent oversight of credit risk in the Bank and responsible for independent reporting and analysis of all elements of credit risk. CRM has established the Bank’s core credit policies and guidelines, and also monitors and manages credit risk within the established framework set down by the Credit Policy Committee “CPC” and/or Board of Commissioners. As part of this process, CRM ensures that areas of significant risk are highlighted to the appropriate senior management and that appropriate actions to mitigate and manage this risk are taken. Credit Risk Policies and Procedures The Bank puts in place the following policies to manage credit risk: a. The General Credit Policy that governs the principles of credit extension and the broad credit principles and standards by which the Bank undertakes and manages credit risk. This policy also includes the Credit Classification role that governs the assessment of credit activities based on five credit grades of Pass, Special Mention, Substandard, Doubtful and Loss. b. The Consumer Credit Policy that governs the principles of consumer credit extension, the credit principles and standards by which the Bank undertakes and manages credit risk for the consumer segment. c. The Credit Concentration Risk Management Policy that manages credit concentration risk. d. The Credit Risk Mitigation Policy that specifies the types and minimum requirements for collateral, guarantees and credit derivatives to be eligible for capital relief. e. The Credit Restructuring Guideline that gives guidance on credit restructuring for borrowers who have difficulties to meet their obligation to the bank. f. The Asset Classification Policy that gives the guidelines for classifying exposures into the Basel II Asset Classes for Risk Weighted Asset calculation. g. The Workflow for Basel II ECAI (External Credit Assessment Institutions) Process that gives guidelines for obtaining and maintaining external ratings of debtors for Risk Weighted Asset calculation.


In addition, the Bank has an independent credit review process, independent of loan origination and approval functions, to ensure that accounts are properly graded and classified according to internal policies and Bank Indonesia. Credit Risk Management Framework Board and Senior Management Oversight Board and Senior Management are responsible for the governance of Bank activities as follows: a. Ensure that the risk management function is adequately resourced; b. Review the overall risk profile, risk limits and tolerance; c. Review and approve risk measurement models and approaches; d. Approve Bank credit risk policies; e. Approve credit risk concentration limits (including collateral, country/cross border, industry, borrower, obligor and portfolio limits); and f. Approve Internal Rating-Based (IRB) credit risk parameters, models and scorecards in accordance with the Bank policies Segregation of Duties a. Credit Assessment and Approval Approve credit facilities and exposures to borrowers and/ or counterparties for Bank within the discretionary limits delegated by Executive Committee/Board of Management. To maintain independence and integrity of the credit approval process, the Credit Approval function has been segregated from that business unit. The Credit Approval function is responsible for conducting independent and comprehensive analysis, evaluation and approval of all credits without undue reliance on external credit assessments. Officers in the Credit Approval function are guided by credit policies, product programme and credit originating guidelines. Bank has established a structure for the delegation of Credit Discretionary Limits (CDL), including the escalation process for approval exception, excesses and credit extension beyond prescribed limits. In addition, credit approval authority is delegated through risk based CDL structure where CDL to approve a credit is scaled according to the borrower’s credit rating. Futhermore, the delegation of CDL follows a stringent process that takes into consideration the experience, seniority and track record of the officer. Credit Risk Management Unit acts as the custodian of the approved CDL to ensure that CDL’s are properly administered.

b. Credit Risk Management (CRM) Function CRM provides independent oversight of credit risk and is responsible for the reporting and analysis of all elements of credit risk. CRM function has established the Bank core credit policies and guidelines regarding credit risk, and actively engages with business units on credit related matters, focus on facilitating business development within a prudent, consistent and efficient. It aims to achieve value creation through congruent credit risk methodologies and consistent credit policies within the Bank. Credit Management and Special Asset Management The Bank classifies its credit portfolios according to borrower’s ability to repay the credit facility from their normal source of income. Any account which is delinquent or in excess for more than 90 days will automatically be categorised as Non-Performing Loan by the Bank’s NPL system to ensure independence of classification. All borrowing accounts are categorised into Pass, Special Mention, Non-Performing, Doubtful and Loss according to Bank Indonesia rules. Upgrading and declassification of account collectability must be supported by a credit assessment of the repayment capability, cash flows and financial position of the borrowers. Bank has Credit Management function and Special Asset Management function authorised to manage bad credits. This unit is separate from the loan origination function to ensure independence and objectivity in managing bad credits. Credit Risk Mitigation As a fundamental credit principle, the Bank generally does not grant credit facilities solely on the basis of the collateral provided. All credit facilities are granted based on the credit standing of the borrower, source of repayment and debt servicing ability. Collateral is taken whenever possible to mitigate the credit risk assumed. The value of the collateral is monitored periodically. The frequency of valuation depends on the type, liquidity, and volatility of the collateral value. The main types of collateral taken by the Bank are cash, marketable securities, real estate, equipment, inventory and receivables.

Impairment Credit facilities are downgraded to impairment when the following criteria are met: a. the principal and/or interest are past due for more than 90 days; b. the outstanding amount, including interest of a revolving credit facility remains in excess for more than 90 days; c. the credit facility exhibits weaknesses in determining appropriate classification, although the amount past due or in excess equals to or is less than 91 days; and d. the borrower defaults on credit facilities with quarterly, semiannual or longer periodic repayments. Bank uses both Individual and Collective approaches in formulating the allowance for impairment losses. Credit exposures under Basel II The Bank currently uses the Standardised Approach under Basel II to measure the risk weighted asset (RWA) for credit risk. The information and guidelines of rating for RWA for credit risk is regulated in the Asset Classification Policy. Under the Standardised Approach, the Bank’s exposures are classified into 11 asset classifications and portfolios, as follows: a. Sovereign; b. Non Central Government Public Sector Entities; c. Multilateral Development Bank; d. Banks; e. Corporate; f. Employee / Retiree; g. Claim Secured by Residential Property; h. Claim Secured by Commercial Real Estate; i. Overdue Claims; j. Other Assets; and k. Claims on Micro Business, Small Business, and Retail Portfolio. Currently, the Bank only recognises international ratings from Moody’s, Standard’s and Poor and Fitch. Market Risk Market risk arises from changes in interest rates, foreign exchange rates and credit spreads, as well as their correlations and implied volatilities. Market risk is warehoused within the treasury business. Market Risk Management Governance Structure The Board of Directors delegates authority to the Assets and Liabilities Committee (ALCO) to provide oversight on market risk management. ALCO reviews and provide direction on all market risk related matters.


Corporate Governance The Bank has established roles and responsibilities on each level of the position relating to implementation of market risk management and tailored to the purpose, business policy, size and complexity of the Bank. The roles and responsibilities are clearly stated in the Market Risk Management Policy. Market Risk Policies The Bank divided the policy according to the guiding principles of market risk management framework. The Market Risk Management Policy is reviewed at least annually to incorporate significant business changes, management objectives and regulatory requirements approved by Assets and Liabilities Committee (ALCO) and Board of Commissioners (BOC). Market Risk Management Framework The market risk process is end. Starting from the pre deal process, deal input and processing, followed by risk measurement and valuation process, and finally risk monitoring and controls and the capital management. The Bank’s market risk framework comprises market risk policies and practices, delegation of authority and market risk limits, validation of valuation and risk models, etc. This framework also encompasses new product/service programme process to ensure the identified market risk issues are adequately addressed prior to launch. Market and Balance Sheet Risk Management function is primarily responsible for monitoring of market risks while Market Risk Control function supports tracking and escalation of limits excesses. Finance function will set aside regulatory market risk capital. Business functions are responsible for managies the risks. The overall market risk appetites and control limits are reviewed annually in line with the business strategy. The Bank’s market risk measurement methods are able to : 1. Measure the sensitivity and exposures to market risk under normal and stress conditions; 2. Provide the outstanding and potential profit and loss on a daily basis; 3. Perform mark to market valuations; and 4. Accommodate increase in volume of activities, changes of valuation techniques, changes in methodology and new products. Market and Balance Sheet Risk Management function provides the standardised market risk capital computation to Finance


function based on the guidelines from Central Bank. Central Banking Reporting is primarily responsible for market risk regulatory capital and the reporting to the Central Bank of Indonesia. Internally, the market risk is measures and controls are based on internal models. The bank adopts the historical simulation Value at Risk (VaR) to measure the potential loss at a 99 per cent confidence level using 300 historical price changes. VaR estimates are back tested against profit and loss of trading book to validate the robustness of the methodology. The back testing process analyses whether the exceptions are due to model deficiencies or market volatility. All model deficiencies are addressed with appropriate model enhancements. To complement the VaR measurement, stress test is performed on the trading portfolio in order to identify the Bank’s vulnerability in the event of crisis. Interest Rate Risk in the Banking Book Interest Rate Risk in the Banking Book is defined as the risk of potential reduction in or loss of earnings (net interest income) and capital (the economic value of the Bank) due to changes in interest rates environment. Interest Rate Risk Management Governance ALCO under delegation of the Board maintains oversight of the effectiveness of the interest rate risk management structure. The Market and Balance Sheet Risk Management division supports ALCO in monitoring the interest rate risk profile of the banking book. At a tactical level, the Management Portfolio unit of Global Markets and Investment Management (GMIM) – ALM Unit (GMI-ALM) is responsible for the effective management of interest rate risk in banking book in accordance with approved interest rate risk management policies. Interest Rate Risk Management Framework The primary objective of interest rate risk management is to protect and enhance capital or economic net worth through adequate, stable and reliable growth in net interest earnings under a broad range of possible economic conditions. Exposure is quantified on a monthly basis using static analysis tools, such as repricing schedules and sensitivity analysis. They provide indications of the potential impact of interest rate changes on interest income and price value through the analysis of the sensitivity of assets and liabilities to changes in interest rates. Mismatches in the longer tenor will experience greater change in the price-value of interest rate positions than similar positions in the shorter tenor.

Both the earnings (or net interest income or NII) and economic value of equity (EVE) approaches are applied to assess interest rate risk from interest rates changes in different interest rate scenarios such as changes in the shape of yield curve, including high and low scenarios. Stress testing is also performed regularly to determine the adequacy of capital in meeting the impact of extreme interest rate movements on the balance sheet. Such tests are also performed to provide early warnings of potential extreme losses, facilitating the proactive management of interest rate risks in an environment of rapid financial market changes. Liquidity Risk Liquidity risk is defined as the risk to a bank’s earnings or capital from its inability to meet its obligations or fund increases in assets as they fall due, without incurring significant costs or losses. Liquidity Risk Management Governance Structure The Bank strategy is focused on facilitating business development within a prudent, consistent and efficient risk management framework that balances risks and returns. This is achieved by ensuring effective risk discovery by embracing the key risk management principles of risk identification, risk measurement, risk control/monitoring and risk analysis/reporting. The Bank has established the roles and responsibilities on each level of the position which related to the implementation of balance sheet risk management and tailored with the purpose, business policy, the size and complexity of bank. Liquidity Risk Management Policies The Liquidity Risk Management Policy provides details on how liquidity risk is effectively managed by the Bank. The policy is formulated by Market and Balance Sheet Risk Management with an aim to address liquidity risks that might arise primarily from the Bank’s banking businesses of extending loans, making investments, accepting deposits and other funding requirements on trading activities. The policy is reviewed at least annually to incorporate significant business changes, management objectives and regulatory requirements approved by the Assets and Liabilities Committee (ALCO) and Board of Commissioners (BOC). Any exceptions to Liquidity Risk Management policy are tabled to Asset and Liability Committee (ALCO) for endorsement/ approval and notify to Board of Commissioners (BOC) and Risk Management Committee (RMC).

Liquidity Risk Management Framework Liquidity risk is identified through the new products programme. The business function is required to provide detail information about the underlying product description and its risk. The key supporting functions, such as Risk Management, Finance, Technology and Operations, Compliance, and Legal, provide assessment on the product. The liquidity risk is measured and managed on a projected cash flow basis under ’business as usual’, ’bank-specific crisis’ and ’general market crisis’ scenarios. Behavioural modeling is carried out regularly to ensure the cash flow reflect the business-as-usual behaviour. Core deposits generally consist of stable non-bank deposits, such as current account, savings account and fixed deposit. The Bank monitors the stability of its ‘core deposits’ by analysing their volatility over time. Market and Balance Sheet Risk Management responsible for refining, implementing, maintaining, reviewing, improving and communicating the assumptions, methodology, data sources, delegation of authority, stress testing and procedures used to measure liquidity risk. Liquidity is managed on an individual currency basis. The Bank conduct an in-depth evaluation of its funding capacity focusing on funding sources and concentrations, type and mix of assets, net borrower/lender of funds, liquidity and maturity gaps; cost of funds and access to funding markets; liquid assets, if any; current financial market and economic conditions; and projected funding needs and guidelines. It is critical to understand the amount of funding available for the Bank from the market under normal and stress conditions. The daily and monthly cash flow mismatch report has to be produced by Market and Balance Sheet Risk Management and monitored by Market risk Control against the assigned Net Cumulative Outflow limits. Market and Balance Sheet Risk Management ensures that areas of significant risk, sources of funding, information on large liquidity providers and early warning indicator are highlighted to the appropriate senior management and that appropriate actions to mitigate and manage this risk are taken. Once alerted by any trigger of the early warning indicators, Market and Balance Sheet Risk Management will take immediate action to investigate and evaluate the causes of such triggers should any of them are set off. The Bank should maintain detailed reports and analysis to ensure that all reports required for regulatory reporting are completed and lodged in accordance with the local regulatory requirements.


Corporate Governance Contigency Funding Plan The Contingency Funding Plan (CFP) is a critical component of the liquidity management framework and serves as an extension of the Bank’s operational or daily liquidity management policy. Although the Bank monitors liquidity and funding requirements on an ongoing basis, it is also important to recognise unexpected events, economic or market conditions, earnings problems or situations beyond its control which could cause a liquidity crisis. The CFP outlines the actions that are to be taken by the Bank in the event of a liquidity crisis and would be activated in the event of a liquidity stress situation. It serves to identify and recognise a liquidity crisis, define the appropriate management responsibilities and responses during a crisis, rectify areas of concern, and ensure that information flows remain timely and uninterrupted to facilitate quick and effective decisionmaking. The level of sophistication and detail of the plan would commensurate with the complexity, risk exposure, activities, products and organisational structure of the Bank identifying the indicators that are most relevant to its management of liquidity and funding. In addition, the Bank also has established a Liquidity Working Group Team “LWG” which is responsible to evaluate the liquidity position and decides the actions to be taken when crisis occurs. Operational Risk Operational Risk is defined as the risk of loss resulting from inadequate or failed internal processes, people and systems or from external events. Potential loss may be in the form of financial loss or other damages, for example, loss of reputation and public confidence that will impact the Bank’s creditability and ability to transact, maintain liquidity and obtain new business. The Bank has established an Operational Risk Management Framework that comprises risk governance structure, risk policies and standards, risk culture and awareness, risk identification, assessment, monitoring and control, loss data, risk mitigation programme, risk reviews and audit, risk reporting, and regulatory capital. Operational Risk thresholds have been established. The thresholds include, but are not limited to the following: Qualitative statements on what the Bank is not willing to tolerate or condone, Risk Assessment Criteria Matrix, Key Operating Risk Indicators and thresholds, Materiality and Notification Protocol, Operational risk event/loss event reporting criteria, Deductible/Limits for insurance cover purchased, etc.


Operational Risk Management Governance Structure Related parties involved in managing operational risk are, as follows: • Board of Directors is ultimately responsible for managing the risks arising from the Bank business activities. • Operational Risk Management function “ORM” is responsible for : - Developing operational risk management framework and policies; - Facilitating and providing support and guidance to business/support function in the development of their operational risk profiles, conduct operational risk selfassessments and develop key operational risk indicators; - Monitoring and reporting operational risk issues to risk management committee; - Managing the bank’s insurance programmes for areas of risk which the bank seeks to transfer; - Providing advice and guidance to business/support function on risk mitigating measures to prevent recurrence of loss events; and - Facilitating and providing support to business/support function in their business impact analysis (BIA) to enable formulation of their business recovery strategies. • Business/support functions are directly responsible for managing and controlling the operational risks in their business activities. • Subject matter specialists are responsible to provide consultation related to their expertise to ensure that operational risk issues and concerns are effectively addressed. • Internal Audit function is responsible to conduct periodic reviews on the effectiveness of the Operational Risk Management framework and policies. Operational Risk Management Framework Operational risk is managed through processes and procedures by which business/support units identify, assess, monitor and control/mitigate their operational risks. The operational risk management processes and procedures include: • Operational Risk Self Assessments (BP-ORSA and GCESA); • Key Operational Risk Indicators (KORIs); • Operational risk events and losses Reporting and Analysis; • Operational Risk Action Plans (ORAP); • Insurance Management; • Outsourcing Management; and • New Product Programme.

Risk identification for operational risk is conducted through review on the new product and activity, implementation of General Control Environment Self Assessment (GCESA), implementation of Key Operational Risk Indicators (KORIs), implementation of Business Process Operational Risk Self Assessment (BP-ORSA), and outsourcing assessment, etc. Risk measurement of Operational Risk is conducted using a risk impact and likelihood matrix. Operational Risk is monitored by analysing various reports such as Operational Risk Highlight, Incident Reporting Form (IRF), KORI, BP-ORSA, GCESA, outsourcing activities, and new products and services activities. Operational Risk is controlled by performing the various action plans from the operational risk issues that has been identified through various operational risk tools and methodology, including the establishment of limit for trading (treasury), ATMs, bank tellers, insurance, Business Continuity Plan (BCP), and also transfer some risks to insurance provider, etc. The Bank has a reporting mechanism that provides the following operational risk information: a. operational risk profile, legal risk profile, compliance risk profile, and reputational risk profile; b. operational risk highlight; including the status report of the action plans arising from IRF, KORI, BP-ORSA, GCESA, outsourcing activities, and new products and services activities; c. report of changes and/or additions of outsourcing plan; d. report of outsourcing problems; e. report in the events causing significant losses to the bank’s financial condition; and f. BCM Scorecard. Operational Risk Management Policies Updates In 2013, the Bank revised and developed new policies to improve the management of operational risk. One of which is the Operational Risk Management Framework that sets out the framework for managing operational risks within Bank. The Bank revised its Operational Risk Management Policy and separated it into a framework and a policy document for better guidance. The policy sets out the broad principles to manage operational risks within Bank. Bank also revised its Insurance Management Policy to state the business/support units which are controlling the insurance and responsible unit which is

reviewing quotes and term of insurance policies, doing premium budgeting, handling the incident/losses and notifying Insurance Company, and settlement of claims. In addition, the Bank also reviewed and revised several existing policies and procedures such as cash transaction, transfer, and all SOP related to Core Banking changes to ensure that current processes and controls are adequate and applicable with the changes of new core banking system. Business Continuity Management The Bank has revised the Business Continuity Management “BCM” Policy and Guideline that cover Business Impact Analysis (BIA), Operational Risk assessment, recovery strategy performed by the Bank for each type of disruption, documentation of disaster recovery and contingency plan, and evaluation of the effectiveness of the BCM programme. The Bank will continue to increase its capability to minimize the likelihood and impact of identified disasters. In 2012, the Bank has initiated a strategy to manage wide-area disruption especially for Jakarta area. In order to support the Bank in developing competency and confidence of business continuity, BCP exercises are performed. The exercises include BCP Exercise, Disaster Recovery Exercise for IT system, and Management Call Tree Exercise. Branch Assurance and Validation Programme To ensure the implementation of operational risk management tools and methodologies, ORM conducts a Branch Assurance and Validation Programme to ensure GCESA and BP-ORSA are properly implemented in Branches. In 2013, ORM conducted review on several branches in all regions and it includes assessing their compliance with procedures and controls. Quality Assurance The Bank will continue to enhance the roles of Quality Assurance to support the branches in managing operational risk. Workshop and socialisation on Fraud Risk Awareness and Branch Assurance Programme for Quality Assurance were held in 2013 to ensure that they continue to be effective and capable of performing their roles. Quality Assurance Control Checklist is developed and periodically reviewed to help the Quality Assurance in assessing the adequacy and implementation of controls in branches.


Corporate Governance Compliance Risk Compliance risk is defined as the risk of the Bank’s failure to comply with the prevailing laws, regulations and policies applicable to the Bank’s business activities and operations. In line with Bank Indonesia Regulation No.13/2/PBI/2011 concerning the Implementation of Compliance Function in Commercial Banks, one of the Compliance Function strategies is the Management of Compliance Risk. As such, the compliance risk management strategy of the Bank covers the following aspects: Compliance Risk Management Governance Structure Compliance Director and Compliance Work Function is an independent structure from any business, operational, and/or other support functions. The implementation of compliance function in the Bank is the responsibility of all stakeholders. The Stakeholders involved in managing compliance risk are as follows: • Board of Commissioners evaluates the implementation of Bank’s compliance function at least twice a year. • Board of Directors approves the compliance charter and champions the implementation of compliance culture at all levels of the organisation and the Bank’s business activities. • Board of management is responsible to foster and ensure the implementation of compliance culture in all of Bank’s organisational level and business activities, as well as ensuring the implementation of the Bank’s compliance function. • Senior management fosters awareness of the major aspects of the Bank’s compliance risks that should be explicitly managed. • Compliance Director is responsible for formulating a strategy to encourage the creation of the Bank’s compliance culture, establish compliance systems and procedures that will be used to formulate the Bank’s internal provisions and guidelines. • Compliance Function conducts identification, measurement, monitoring, and management of Compliance Risk with reference to the Bank Indonesia regulation concerning the implementation of risk management for Commercial Banks. All is done through collaboration with the business/support Sectors, to ensure that the policies, provisions, systems and procedures, as well as the Bank’s business activities are in compliance with the prevailing Bank Indonesia regulations and other regulations. • Risk Management function is responsible for managing the overall risks of the Bank. • Internal Audit function assesses the adequacy and effectiveness of controls that are in place to address the perceived level of compliance risks. • Legal Function is responsible for providing advice from the legal viewpoint on the applicable Laws and Regulations, and also for the development and maintenance of policies, procedures and guidelines for the management of legal risks on a bank-wide basis.


• Line Managers and member of staffs are responsible for ensuring compliance with Bank Indonesia regulations and other regulations. Compliance Risk Management Policies and Procedures In order to ensure the overall Compliance function strategy, including compliance risk management strategy, is implemented, the Bank has developed the necessary policies and procedures. Compliance Charter and Compliance Guideline are two essential policy and procedure in managing compliance risk, by incorporating: • Compliance Framework; • Compliance Code of Conduct; • Procedure on Compliance Review and Testing; • Procedure on the Bank’s Commitment Monitoring and Regulatory Inquiries Follow-Up, • Procedure on Compliance Risk Incident Escalation and Reporting; • Procedure on the Bank’s Internal Provision Formulation; and • Provisions related to Compliance Function. Compliance Charter and Guideline are reviewed to be updated on an annual basis to ensure adequate Compliance Function implementation in all level of the organisation and thus better help the Bank to harmonise between the Bank’s commercial interest and compliance towards prevailing regulations. For such policy and procedure to be implemented effectively, the most fundamental aspect that must be in place is Compliance Culture, which is the value, behavior and action that supports the Bank’s compliance towards the prevailing laws and regulations. Compliance culture implementation by the Bank is facilitated by some methods and synergised with other programmes in line with the Bank’s Core Value Implementation. Compliance Risk Management Framework Mitigation measures to minimise risk include the compliance strategy of compliance function governance, compliance risk management, and compliance culture implementation, which includes maintaining the fulfillment of the Bank’s commitments to Bank Indonesia. In the management of compliance risk, Compliance Review and Testing is one of the measures taken by the Bank as a systematic process to obtain and evaluate data regarding Bank’s internal policies, provisions, system and procedure to ensure that control has been established adequately and functions effectively to enable compliance towards the prevailing laws and regulations. Review and Testing is implemented through a mechanism that consists of identification, measurement, control and monitoring.

Factors to identify, measure, control and monitor that may increase the exposure of compliance risk, are: a. types and complexity of the Bank’s business activities, including new products and programmes; and b. numbers and materiality of the Bank’s non-compliance toward the internal policies and procedures, prevailing regulations, and business practices and standards. Risk measurement for compliance risk is conducted using several parameters such as type, materiality and frequency of violation of prevailing regulations. The functions which perform the risk management implementation for compliance risk (Compliance and Operational Risk Management) are responsible for monitoring and reporting compliance risk issues to the Board of Directors on a regular basis. Strategic Risk Strategic risk is defined as the current or prospective impact on earnings, capital or reputation arising from adverse strategic decisions, improper implementation of decisions or lack of responsiveness to industry, economic or technological changes. Strategic Risk Management Governance Structure Related parties involved in managing strategic risk are as follows: • Boards of Commissioners and Directors formulate and approve the strategic plan and business plan, including the communication to all staff within the organisation. • Risk Management Committee supports Board of Directors in monitoring strategic risk management in the Bank, providing information related to material risk exposure, issues, and action plans. • Business/support functions monitor and manage strategic risk in their respective areas, and are responsible for ensuring that all material risks arising from the business activities and strategy implementation are reported in a timely manner to the Board of Directors. • Risk Management function, together with Finance function, conduct evaluation of the realisation of the Bank’s Business Plan. Strategic Risk Management Framework The Bank adheres to prudent principles in all its business decisions so as to minimise and mitigate any risks involved. In managing strategic risk, the Bank constantly monitors the environment in which it operates, analyses the Bank’s performance in relation to its competitors, and takes corrective actions to adjust its strategies and plans as appropriate.

On an on-going basis, the Bank performs periodic reviews on the achievement of financial targets and realised strategies. All business functions are also responsible for the monitoring of its strategic risks and reporting promptly to Risk Management Committee on any potential issues or problems that have strategic implications on the Bank. Legal Risk Legal risk is defined as risks that may arise from unenforceable/unfavorable/defective/unintended contracts; lawsuits or claims involving the Bank; developments in laws and regulations; and non-compliance with applicable laws, rules and professional standards. Legal Risk Management Governance Structure Related parties involved in managing legal risk are as follows: • Board of Directors is responsible for managing legal risk arising from the Bank’s activities. • Risk Management Committee supports Board of Directors in monitoring legal risk management in the Bank, providing information related to material risk exposure, issues, and action plans. • Business/support functions are responsible for monitoring and managing legal risk and its impact. • Subject matter specialists are responsible for providing consultation related to their respective areas of expertise which comprises Compliance, Legal, Human Resources, Information Technology, Property and General Services, and Corporate Secretary functions. Legal Risk Management Policies and Procedures The Bank has in place a Legal Risk Management Policy that governs the Legal Risk Management Governance Structure, methodology and toolkits for managing the legal risk, communication related to the legal risk, etc. Legal Risk Management Framework Risk measurement for legal risk is conducted by using indicators such as potential losses due to litigation, cancellation of contracts due to unenforceability of engagement and changes of regulations. Legal function reviews all standard contracts/agreements and all standard loan agreements as well as standard letters of offers between the Bank with other parties on an annual basis. Every legal risk incidents and its potential loss numbers shall be documented.


Corporate Governance Reputation Risk Reputation Risk is the adverse impact on the Bank’s income, liquidity or capital arising from negative stakeholder perception or opinion of the Bank’s business practices, activities, and financial condition. Reputation Risk Management Governance Structure Related parties involved in managing reputation risk are as follows: • Board of Directors is responsible for managing the Bank’s reputation risk. • Risk Management Committee assists the Board of Directors in the oversight of the management of reputational risk in the Bank, keeping them apprised of the material risk exposures, issues and resolution plans. • Reputation Risk Management Panel is sub-committee of the Risk Management Committee responsible for confirming the impact of high reputational risk issues, determining the appropriate action plan, appointing relevant task force and approving the closure of the case. • Business/support functions are responsible for monitoring and managing the various types of risks they assume and paying close attention to those with potential reputation risk impact. • Risk Management function is responsible for developing and maintaining risk management policies and procedures; training and advising business/support function in risk management of market, credit, and operational risks. • Subject matter specialists are responsible for providing consultation related to their expertise which comprises Brand Performance and Corporate Communications, Customer Advocacy and Service Quality, Compliance, Legal, Human Resources, Information Technology, and Corporate Secretary function units. Reputation Risk Management Policies and Procedures The Bank has established the Reputation Risk Management Policy that governs the Reputation Risk Management Governance Structure, methodology, and toolkits for managing the reputation risk and its communication process, reputation risk escalation process, establishment of Reputation Risk Management Panel, reputation risk issue owner, etc. Reputation Risk Management Framework Risk identification and measurement for reputation risk is conducted using information from various sources such as: news in mass media, customer complaints through call centre, and customer satisfaction survey.


Risk monitoring for reputation risk is conducted on a regular basis in accordance with the Bank’s loss experience in the past. Risk controlling for reputation risk is conducted through: a. Prevention of events that could lead to reputation risk, for example by conducting a regular communication to stakeholders in the process of creating positive reputation and a series of activities such as corporate social responsibility. b. Restoration of the Bank’s reputation after a reputational risk event and the prevention of the worsening of the reputation of the Bank. Any incidents relating to Reputation Risk and its potential losses shall be documented, including the amount of potential losses resulting from those incidents. Where the reputation risk event affects the Bank’s ability to continue its business activities and/or to obtain funding, the Bank will activate the Crisis Management Plan (CMP), BCP, Disaster Recovery Plan (DRP) and/or Contingency Funding Plan (as relevant). Basel Standards In line with the implementation of Bank Indonesia regulation in 2012, the Bank adopts Standardised Approach (SA) for credit risk and market risk, and Basic Indicator Approach (BIA) for operational risk. In 2014 – 2015, the Bank will continue to prepare the foundation to adopt more sophisticated approach by ensuring sufficient information system support that is in line with the development of Basel II and Basel III implementation in Indonesia. During 2013, the Bank already enhanced the Risk Based Bank Rating (RBBR) Report to provide more comprehensive information on 8 (eight) of the Bank’s inherent risks and their correlation to good risk management practices and the calculation of Bank’s capital. In addition, in 2014 the Bank will enhance Pillar 2 ICAAP and Pillar 3 Market Discipline in accordance with Bank Indonesia regulations.

Table 1.a Quantitatife Disclosures of Capital Structures Commercial Bank (in IDR million) 31 December 2012 31 December 2013 Bank Bank (3) (4)

CAPITAL COMPONENT (1)

(2) I Capital Component

7,593,355

8,167,433

Paid-in capital

2,388,471

2,388,471

A Core Capital 1 2

Additional capital

5,204,884

5,778,962

3

Innovatif capital

-

4

Core capital deduction

-

5

Non-controlling interest

B Supplementary Capital 1

Upper tier

-

-

507,389

613,123

507,389

613,123

2

Lower Tier 2 maximum 50 per cent Core Capital

-

3

Supplementary Capital Deduction

-

-

-

II Total Core Capital and Supplementary Capital (A+B+C)

8,100,744

8,780,556

III Total core capital, supplementary capital and other supplementary capital allocated to anticipate market risk (A + B - C + E)

8,100,744

8,780,556

43,525,036

53,287,174

4,706,403

5,309,417

60,125

179,537

-

C Core Capital and Supplementary Capital Deduction

-

Exposures of Securitization

-

D Other supplementary capital requirement E

Other supplementary capital allocated to anticipate market risk

IV Credit Risk Weighted Assets V Operational Risk Weighted Assets VI Market Risk Weighted Assets A Standard Metode B Internal Metode VII Capital Adequacy Ratio for Credit Risk and Operational Risk [II : (IV + V)] Capital Adequacy Ratio for Credit Risk, VIII Operational Risk and Market Risk [III : (IV + V + VI)]

-

-

60,125

179,537

16.80%

14.98%

16.77%

14.94%


Corporate Governance

Table 2.1.a Disclosure of Net Receivable based on Region - Bank Individually

Portfolio No. Category

31 December 2012 Net Receivable Based on Region Jakarta

Medan

Surabaya

Bandung

Semarang

(3)

(4)

(5)

(6)

(7)

(8)

-

-

-

-

-

-

10,997

-

7,803

-

-

3 Claims on Multilateral Development Banks and International Entities

-

-

-

-

4 Claims on Banks

-

-

-

1,041,004

218,888

6 Claims Secured by Commercial Real Estate

-

7 Claims on Pension Loans

(1) (2) 1 Claims on Government / Sovereign 2 Claims on Public Sector Entities

5 Claims Secured by Residential Property

8 Claims on Micro, Small and Retail Portfolio 9 Claims on Corporates 10 Claims on Past Due Exposures

Makassar Palembang

Solo

Pontianak

Cirebon

Bengkulu

Jember

Denpasar Tasikmalaya

(9)

(10)

(11)

(12)

(13)

(14)

(15)

(16)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,346

-

-

2,063

-

-

-

27

-

-

196,210

252,578

72,114

32,721

25,919

25,683

5,053

29,980

1,093

1,081

17,798

26,837

3,438

-

223

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,389,221

97,194

107,996

193,253

71,840

46,595

70,686

37,748

23,051

42,572

35,136

23,749

54,091

64,174

21,700,755 2,162,669 3,121,991 1,876,381 1,711,946

685,642

787,775 1,114,036

152,754

122,968

187,610

133,825

392,786

256,294

135,209

12,968

58,938

35,038

1,776

1,053

1,900

2,985

-

21,057

305

420

3,685

12,916

11 Other Assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12 Sharia Exposures (if any)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

24,277,186 2,495,158 3,492,938 2,357,474 1,860,021

766,011

886,281 1,182,516

180,857

216,577

224,144

159,100

468,360

360,222

Total


(in IDR million) 31 December 2012 Net Receivable Based on Region Serang

Bandar Lampung

Magelang Pekanbaru Balikpapan

Samarinda

Banyuwangi

Jogjakarta

(17)

(18)

(19)

(20)

-

-

-

-

-

-

-

-

-

-

Bogor Banjarmasin

Batam

Jombang

(21)

(22)

(23)

(24)

(25)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,027

5,498

4,701

21,205

13,285

-

-

-

-

-

-

-

31,405

15,847

148,154

Malang Purwokerto

Jambi

Tegal

Total

(26)

(27)

(28)

(29)

-

-

-

-

(30)

(31)

(32)

(33)

-

-

-

-

-

-

-

-

-

-

-

-

18,801

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3

-

-

4,438

35,973

464

9,011

15,720

8,551

16,353

9,673

13,267

6,884

1,275

2,335

2,113,182

-

-

-

-

722

-

1,719

1,345

-

-

-

-

7,446

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19,810

113,120

37,260

45,113

30,559

19,863

22,945

18,843

30,330

18,927

17,849

29,591

20,147

9,706

2,738,621

428,701

253,722

518,972

373,431

886,359

98,356

394,390

266,782

227,178

522,166

87,712

65,269

280,985

153,888

991

20,637

2,311

3,333

995

694

4,060

8,337

18,951

178

12,161

187

14,469

3,305

424

14,129

393,413

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

182,576

470,682

280,545

656,630

424,971

968,140

133,438

431,601

325,119

254,750

582,728

117,844

110,855

320,768

175,735

165,725 39,279,220

191,895 44,555,121



Table 2.1.a Disclosure of Net Receivable based on Region - Bank Individually

31 December 2013 Net Receivable Based on Region Portfolio No. Category (1) (2)

Jakarta

Medan

Surabaya

Bandung

Semarang

Makassar

Palembang

Solo

Pontianak

Cirebon

Bengkulu

Jember


(3)

(4)

(5)

(6)

(7)

(8)

(9)

(10)

(11)

(12)

(13)

(14)

(15)

(16)

5,116

-

-

-

-

-

-

-

-

-

-

-

-

-

2 Claims on Public Sector Entities

-

-

-

-

-

-

-

-

-

-

-

-

-

-


-

-

-

-

-

-

-

-

-

-

-

-

-

-

1 Claims on Government / Sovereign

4 Claims on Banks

-

-

-

-

2,269

-

-

3,193

-

-

-

100

-

-


2,650,169

241,195

252,949

340,041

77,197

145,751

60,762

47,147

15,467

41,116

1,543

2,320

37,946

58,317


3,100,505

105,174

231,555

168,379

215,445

110,516

119,416

154,812

14,375

11,813

13,863

19,287

65,107

25,997


225,266

9,441

7,291

10,216

12,454

4,915

4,371

6,094

1,622

3,179

1,500

2,059

3,210

4,320

1,307,054

93,805

74,483

116,860

57,896

16,669

48,273

25,489

18,923

36,640

27,584

28,153

48,909

42,943

21,228,208 2,486,165 2,929,660 2,091,925 2,069,504

757,723

787,786 1,036,047

172,384

131,787

131,835

174,260

493,909

273,817

8 Claims on Micro, Small and Retail Portfolio 9 Claims on Corporates 10 Claims on Past Due Exposures

278,208

11,578

45,472

38,051

40,298

1,770

4,847

2,000

-

13,194

9,482

1,641

1,275

7,268

11 Other Assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12 Sharia Exposures (if any)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

28,794,527 2,947,358 3,541,410 2,765,472 2,475,063 1,037,344 1,025,456 1,274,781

222,771

237,728

185,806

227,820

650,356

412,662

Total


(in IDR million) 31 December 2013 Net Receivable Based on Region Serang

Bandar Lampung

Magelang

Pekanbaru Balikpapan

Samarinda Banyuwangi

Jogjakarta

Bogor Banjarmasin

Batam

Jombang

(17)

(18)

(19)

(20)

(21)

(22)

(23)

(24)

(25)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Malang Purwokerto

Jambi

Tegal

(26)

(27)

(28)

(29)

-

-

-

-

-

-

-

-

-

-

-

-

Total

(30)

(31)

(32)

(33)

-

-

-

5,116

-

-

-

-

-

-

-

-

-

-

-

8,809

-

-

-

-

-

-

-

-

-

-

2,497

-

-

749

-

8,269

6,132

15,994

127,081

30,976

72,078

981

31,245

28,002

12,964

27,090

17,850

11,267

11,797

6,872

3,160 4,383,677

39,696

27,066

81,805

32,418

58,881

73,551

10,373

164,219

78,733

57,795

202,459

1,958

10,686

164,428

13,493

81,689 5,455,494

2,225

1,906

1,886

1,756

3,334

1,762

731

1,206

3,580

915

3,785

2,374

917

1,833

734

26,323

14,629

11,622

32,937

33,191

35,034

21,085

13,703

19,797

9,974

10,766

21,423

10,023

19,563

14,558

7,035 2,245,344

162,327

274,927

204,650

495,689

348,014 1,027,541

102,480

304,045

247,768

132,613

580,649

106,322

62,910

139,143

126,971

106,310 39,187,369

835

61,159

442

5,084

106

977

4,907

9,798

14,600

249

1,640

513

18,787

4,574

10,179

15,358

604,292

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

239,676

385,819

316,400

694,964

474,502 1,210,943

140,556

524,216

392,480

214,510

828,886

150,439

114,590

342,089

172,806

1,109

325,990

214,661 52,216,092



Table 2.3.a Disclosure of Net Receivable Based on Term to Contractual Maturity – Bank Individually 31 December 2012 No.

Economic Sector*)

(1) (2)

Claims on Claims on Claims on Government/ Public Sector Multilateral Sovereign Entities Development Banks and International Entities

(3)

(4)

Claims on Banks

(5)

Claims Secured by Residential Property

(6)

Claims Secured by Commercial Real Estate

(7)

Claims on Pension Loans

(8)

Claims on Micro, Small and Retail Portfolio

(9)

Claims on Corporates

(10)

Claims on Other Assets Sharia Past Due Exposures (if Exposures any)

(11)

(12)

1 Agricultures, hunting and forestry

-

-

-

-

-

-

-

10,670

2 Fisheries

-

-

-

-

-

-

-

3,215

3 Mining and Quarrying

-

-

-

-

-

-

-

4,883

4 Procesing industry

-

18,801

-

-

-

729

-

166,754 12,295,653

5 Electricity, gas and water

-

-

-

-

-

-

-

6 Construction

-

-

-

-

-

3,971

-

7 Big and retail trade

-

-

-

-

749

1,338

-

8 Provision of accomodation and food supply drinking

-

-

-

-

-

-

-

708

9 Transportation, warehousing and communications

-

-

-

-

-

-

-

10 Transitional Finance

-

-

-

-

-

-

11 Real estate, Rental Business and services company

-

-

-

4,438

-

-

12 Government administration, the defense and compulsory social security

-

-

-

-

-

13 Education services

-

-

-

-

14 Health and social services

-

-

-

-

15 Community, Sociocultural, Entertainment and Other Individual Services

-

-

-

16 Individual services which serve households

-

-

17 Extra agency International agency and other international

-

18 Business Activities which are not clearly defined

572,943

(13)

(14)

586

-

-

45,924

-

-

-

721,136

2,639

-

-

105,361

-

-

-

-

-

529

359,931

34,761

2,038,572

36,372

-

-

759,123 11,077,935

125,247

-

-

91

-

-

-

19,117

2,621,733

6,186

-

-

-

31,572

3,979,831

6,792

-

-

-

735

164,842

-

-

-

1,186

-

21,060

3,433,278

26,855

-

-

-

-

-

3,088

14,374

302

-

-

-

-

-

5,605

49,264

-

-

-

-

-

-

-

19,931

182,334

7,471

-

-

-

-

-

-

-

3,630

4,886

2,654

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

30,021

-

-

-

19 Credit Recipients Non Industrial Origin

-

-

-

-

2,112,355

222

-

1,653,231

1,686,490

73,017

-

-

20 Others

-

-

-

-

-

-

-

-

-

-

-

-

-

18,801

-

4,438

2,113,105

7,446

-

2,738,612 39,279,237

393,483

-

-

Total


(in IDR million) 31 December 2013 Claims on Government/ Sovereign

Claims on Public Sector Entities

Claims on Multilateral Development Banks and International Entities

Claims on Banks




(3)

(4)

(5)

(6)

-

-

-

-

-

-

-

-

-

-

-

857

-

-

-

-

(7)

(8)

(9)

(10)

-

1,950

-

9,718

-

512

-

2,794

-

50,366

7,532

-

-

727,540

139,371

-

-

-

8,539

1,551

-

-

-

-

4,260

-



Claims on Past Due Exposures

Other Assets

Sharia Exposures (if any)

(11)

(12)

(13)

(14)

709,261

2,201

-

-

39,979

-

-

-

732,908

14,704

-

-

13,639,668

247,704

-

-

364,931

-

-

-

-

443,672

-

32,128

2,379,433

21,267

-

2,609

1,110,412

41

708,503

11,370,089

229,171

-

-

-

-

-

-

-

2,092,193

-

14,246

1,240,295

2,165

-

-

-

-

-

-

-

287,098

-

31,575

4,065,745

32,832

-

-

-

-

-

8,809

-

-

-

369

44,728

-

-

-

-

-

-

-

-

685,201

-

19,505

3,805,520

15,228

-

-

-

-

-

-

-

-

-

508

-

-

-

-

-

-

-

-

-

8,099

-

2,837

18,929

320

-

-

-

-

-

-

-

19,240

-

5,342

38,373

-

-

-

-

-

-

-

-

19,575

-

22,524

164,234

35,598

-

-

-

-

-

-

-

1,098

-

3,189

3,969

3,101

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14,720

-

-

-

-

-

-

-

4,381,068

-

325,948

1,243,651

554,589

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,116

-

-

8,809

4,383,677

5,455,494

325,990

2,245,344

39,187,369

604,292

-

-



Table 2.4.a Disclosure of Receivables and Allowances Based on Region - Bank Individually

31 December 2012 No.

Portfolio Category

Region

(1) (2)

Jakarta

Medan

Surabaya

Bandung

Semarang

Makassar Palembang

Solo

Pontianak

Cirebon

Bengkulu

Jember

(3)

(4)

(5)

(6)

(7)

(8)

94,165

-

14,172

5,528

-

14,481 127,048


(9)

(10)

(11)

(12)

(13)

(14)

(15)

(16)

-

-

-

-

2,975

-

-

2,005

-

1 Impaired Receivables a. Non Past Due b. Past Due

277,469

48,078

2,386

3,290

2,672

4,229

-

23,750

306

420

4,688

16,778

2 Allowance for

130,523

1,499

75,967

13,675

608

2,236

770

1,240

-

3,229

-

-

1,199

3,848

3 Allowance for

113,859

6,754

8,668

5,822

4,759

1,906

1,719

2,252

333

1,470

2,025

104

634

918

-

-

-

-

-

-

-

-

-

-

-

-

-

22,734 225,855

73,103

7,753

7,432

5,161

7,721

333

31,423

2,331

524

8,527

21,544

Solo

Pontianak

Cirebon

Bengkulu

Jember

(10)

(11)

(12)

(13)

(14)

Impairment Losses – Individual Impairment Losses – Collective

4 Claims written off Total

616,015

31 December 2013 No.

Portfolio Category

Region

(1) (2)

Jakarta

Medan

Surabaya

Bandung

Semarang

(3)

(4)

(5)

(6)

(7)

Makassar Palembang

(8)

(9)


(15)

(16)

1 Impaired Receivables a. Non Past Due

10,545

1,279

-

-

-

-

-

-

-

1,303

50

-

-

250

b. Past Due

408,261

14,615

55,900

46,368

42,347

3,327

6,365

6,108

-

16,595

11,171

2,417

3,210

12,160

2 Allowance for

137,609

860

15,184

10,016

19,337

1,736

826

1,015

-

2,944

9,307

595

95

1,456

3 Allowance for

62,939

4,443

4,433

2,824

2,240

871

1,770

1,129

171

504

1,456

132

441

1,866

-

52,511

5,235

-

-

-

-

-

-

-

-

-

-

21,196 128,546

64,443

63,924

5,933

8,962

8,252

171

21,345

21,985

3,143

3,746

15,732

Impairment Losses – Individual Impairment Losses – Collective

4 Claims written off Total

14,670 649,641


(in IDR million) 31 December 2012 Region Serang

Bandar Lampung



Jogjakarta

Bogor Banjarmasin

Batam

Jombang

(17)

(18)

(19)

(20)

(21)

(22)

(23)

(24)

(25)

-

5,145

-

-

-

259

-

402

1,229

29,823

4,610

4,697

1,112

695

5,048

236

10,392

2,296

1,361

116

38

984

175

5,398

653

2,324

900

2,383

356

Malang Purwokerto

Jambi

Tegal

Total

(26)

(27)

(28)

(29)

(30)

(31)

(32)

(33)

0

-

81

-

2

670

-

113

125,517

10,195

25,597

735

13,993

2,036

6,626

557

1,818

210

26,035

3,981

6,090

16,513

676,155

23

11,552

791

5,665

2,368

281,655

1,675

571

2,445

1,921

248

133

1,907

1,283

617

174,210

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,639

50,757

7,560

8,382

2,128

3,375

6,389

14,308

32,793

3,737

17,813

481

37,721

7,349

13,037

19,611

1,257,537

Batam

Jombang

Malang Purwokerto

Jambi

Tegal

Total

(27)

(28)

(31)

(32)

(33)

31 December 2013 Region Serang

Bandar Lampung

(17)

(18)


(19)

(20)

(21)


(22)

(23)

Jogjakarta

(24)

Bogor Banjarmasin

(25)

(26)

(29)

(30)

-

-

-

-

3,518

-

-

-

-

-

-

403

-

101

-

-

17,448

1,229

61,670

673

9,206

37,803

3,578

5,107

13,931

15,982

249

2,103

1,020

18,787

5,801

10,531

16,872

833,384

78

18,781

-

4,303

281

38

1,544

1,528

231

-

4

42

8,085

1,406

8,470

4,519

250,289

175

761

234

881

576

2,673

86

431

294

227

1,899

287

72

333

204

1,009

95,362

-

-

2,965

-

-

-

-

-

9,942

-

-

-

-

-

-

-

85,323

1,482

82,053

3,872

14,390

42,289

6,288

6,738

15,890

26,449

476

4,006

1,752

26,945

7,641

19,204

22,401

1,298,893



Table 2.2.a Disclosure of Net Receivable Based on Term to Contractual Maturity – Bank Individually

No. Portfolio Category (1)

(2)

1. Claims on Government/Sovereign 2. Claims on Public Sector Entities 3. Claims on Multilateral Development Banks and International Entities 4. Claims on Banks 5. Claims Secured by Residential Property 6. Claims Secured by Commercial Real Estate 7. Claims on Pension Loans 8. Claims on Micro, Small and Retail Portfolio 9. Claims on Corporates 10. Claims on Past Due Exposures 11. Other Assets 12. Sharia Exposures (if any) Total Table 2.5.a Disclosure of Receivables and Allowances Based on Economic Sektor - Bank Individually

31 December 2012 Impaired Receivables No. Economic Sektor*)

Non Past Due

Receivable **)

(1) (2) 1 Agricultures, hunting and forestry 2 Fisheries 3 Mining and Quarrying 4 Procesing industry 5 Electricity, gas and water 6 Construction

Past Due

Allowance for Impairment Losses – Individual

Allowance for Claims Written Impairment off Losses – Collective

(3)

(4)

(5)

(6)

(7)

(8)

586,570

2

861

277

2,094

-

-

1,129

-

50,267 735,082

-

7,067

4,426

1,998

-

12,712,045

2,884

198,583

93,932

30,815

-

-

843

-

361,303 2,175,206

13,268

86,059

57,067

4,462

-

12,059,375

12,347

182,764

59,865

35,118

-

8 Provision of accomodation and food supply drinking

799

-

6,462

273

6,107

-

9 Transportation, warehousing and communications

2,653,416

48,427

7,342

1,081

12,248

-

-

350

-

7,447

8,850

-

7 Big and retail trade

10 Transitional Finance 11 Real estate, Rental Business and services company 12 Government administration, the defense and compulsory social security

4,031,524 170,365

17,793

14 Health and social services

54,928

16 Individual services which serve households 17 Extra agency International agency and other international 18 Business Activities which are not clearly defined 19 Credit Recipients Non Industrial Origin 20 Others Total

30,374

3,498,676

13 Education services 15 Community, Sociocultural, Entertainment and Other Individual Services

37,797

-

320

17

11

-

-

58

-

236,664

-

34,060

26,585

344

-

11,643

-

3,123

468

6

-

-

-

22

-

5,625,287

30,043 10,791

119,140

30,217

69,754

-

-

-

-

-

-

-

45,010,986

125,517

676,155

281,655

174,210

-

* The sectors disclosed were sectors with material nominal value/outstanding balance. For immaterial sectors, they were classified as others and explained to the stakeholder. ** Receivables - gross (before allowance for impairment loss on assets).


(in IDR million) 31 December 2012

31 December 2013

Net Receivable Based on Contractual Maturity

Net Receivable Based on Contractual Maturity

< 1 year

1 - 3 years

3 - 5 years

1 - 3 years

3 - 5 years

(3)

(4)

(5)

> 5 years (6)

Total (7)

< 1 year (3)

(4)

(5)

> 5 years (6)

Total (7)

-

-

-

-

-

857

4,260

-

-

5,116

7,803

-

-

10,997

-

-

-

-

-

-

18,801 -

-

-

-

-

-

-

-

3

4,435

-

-

4,438

8,809

-

-

-

8,809

32

30,960

130,360

1,951,829

2,113,182

65,857

455,012

1,087,635

2,775,174

4,383,677

-

462

230

6,754

7,446

89,900

1,034,314

2,827,842

1,503,438

5,455,494

-

-

-

-

-

3,514

56,759

46,914

218,803

325,990

77,801

791,081

231,982

1,637,757

2,738,621

1,799,464

176,686

133,489

135,706

2,245,344

6,327,766

14,641,640

5,017,444

13,292,370

39,279,220

23,494,784

5,579,315

7,757,829

2,355,441

39,187,369

70,986

159,095

23,970

139,361

393,413

435,387

75,977

74,669

18,258

604,292

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,484,392

15,627,674

5,403,987

17,039,068

44,555,121

25,898,573

7,382,321

11,928,378

7,006,819

52,216,092

(in IDR million) 31 December 2013 Impaired Receivables Receivable **)

Non Past Due

Past Due

Allowance for Impairment Losses – Individual

Allowance for Impairment Losses – Collective

Claims Written off

(3)

(4)

(5)

(6)

(7)

(8)

723,131

-

2,201

2,096

747

-

43,285

-

-

-

28

-

805,510

-

14,704

11,340

4,846

-

14,755,140

3,574

253,034

88,745

16,944

-

375,021

-

-

-

309

-

2,876,500

-

21,286

3,196

3,443

59,219

13,425,085

4,998

281,220

61,438

15,688

12,315

3,348,899

-

2,165

59

4,090

-

4,417,249

-

75,169

15,445

4,706

-

53,906

-

-

-

11

-

4,525,454

403

18,402

5,880

4,643

-

508

-

-

-

0,3

-

30,184

-

320

12

17

-

62,955

-

-

-

528

-

241,932

-

35,598

28,031

198

-

11,358

-

3,101

480

5

-

-

-

-

-

-

-

14,720

-

-

-

7

-

6,505,256

8,473

126,183

33,568

39,150

13,790

-

-

-

-

-

-

52,216,092

17,448

833,384

250,289

95,362

85,323



Table 2.6.a Disclosure of Details on Movements of Impairment Provision on Financial Assets (CKPN) - Bank Individually (in IDR million) 31 December 2012 No.

Descriptions

Allowance for Impairment Losses Individual

(1) (2)

31 December 2013


Allowance for Impairment Losses Individual


(5)

(6)

(3)

(4)

258,076

252,275

281,718

225,187

2 Allowance/reversal for impairment losses during the year (Nett)

95,476

(27,278)

33,839

(106,875)

2.a Additional allowance for Impairment Losses during the year

95,476

-

33,839

-

-

27,278

-

106,875

76,190

-

103,517

-

4,356

191

17,102

1,077

281,718

225,188

229,142

119,389

1 Beginning Balance - Allowance for Impairment Losses

2.b Reversal for impairment losses during the year 3 Allowance for impairment losses used to claims written off during the year 4 Other allowance/reversal during the year Ending Balance CKPN

Table 3.1.a Disclosure of Net Receivables Based on Portfolio and Individual Rating Scale (in IDR million) No. Portfolio Category (1) (2)

31 December 2012 Net Receivables Unrated

31 December 2013 Net Receivables Unrated

(4)

(3)

9,030,127

11,157,529

36,257

41,168

-

-

4 Claims on Banks

1,989,663

3,722,976


2,148,475

1,947,287

7,446

5,685,973

-

-

1 Claims on Government/Sovereign 2 Claims on Public Sector Entities 3 Claims on Multilateral Development Banks and International Entities

6 Claims Secured by Commercial Real Estate 7 Claims on Pension Loans 8 Claims on Micro, Small and Retail Portfolio 9 Claims on Corporates 10 Claims on Past Due Exposures 11 Other Assets 12 Sharia Exposures (if any) Total


2,784,652

2,082,823

42,248,982

47,414,633

405,378

468,162

1,519,430

1,830,683

-

-

60,170,411

74,351,234

Table 3.2.a Disclosure of Counterparty Credit Risk - Derivative Transaction (in IDR million) 31 December 2012 Derivatives Derivatives Net Receivable Payable Receivables Before Credit Risk Mitigation

National Amount Underlying Variables < 1 year

> 1- 5 year

> 5 year

Credit Risk Mitigation

Net Receivable After Credit Risk Mitigation

Bank Individually 1 Interest Rate

1,600,779

4,085,039

101,545

-

-

-

-

-

2 Foreign Exchange

2,746,445

2,249,123

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,347,224

6,334,162

101,545

118,235

120,203

187,065

-

187,065

Credit Risk Mitigation

Net Receivable After Credit Risk Mitigation

3 Others Total

31 December 2013 Derivatives Derivatives Net Receivable Payable Receivables Before Credit Risk Mitigation

National Amount Underlying Variables < 1 year

> 1- 5 year

> 5 year

Bank Individually 1 Interest Rate

1,060,164

3,042,485

-

-

-

-

-

-

2 Foreign Exchange

2,246,892

2,023,683

-

-

-

-

-

-

3 Others Total

-

-

-

-

-

-

-

-

3,307,056

5,066,168

-

350,548

355,055

287,140

-

287,140



Table 4.1.a Disclosure of Net Receivable Risk Weighted after MRK effect - Bank Individually

No.

31 December 2012 Net Receivable After Credit Risk Mitigation 35% 40% 45% 50% 75% 100%

Portfolio Category 0%

(1) (2)

20%

(3)

(4)

(5)

(6)

(7)

(8)

(9)

ATMR

Capital Charge

(13)

(14)

150% Lainnya

(10)

(11)

(12)

A Balance Sheet Exposures Claims on Government/Sovereign

-

-

-

-

-


-

-

-

-

-


-

-

-

-

-

Claims on Banks

-

356,305


-

-


-

-

-

-

-

-


-

-

-

-

-

-


-

-

-

-

-

-


-

-

-

-

-

-

- 37,532,592

Claims on Past Due Exposures

-

-

-

-

-

-

-

Other Assets

-

-

-

-

-

-

-


-

-

-

-

-

-

-

Total Balance Sheet Exposures

-

356,305

-

-

544,050

544,050

8,447 -

-

235,539

235,539

19,846

1,896

1,896

-

-

-

-

-

-

-

-

-

-

-

8,447

676

-

-

-

-

-

-

-

-

-

-

376,151

30,092

-

-

-

-

781,485

62,519

7,446

596

7,446 1,952,743

-

-

-

-

-

-

-

-

1,952,743

156,219

-

- 37,532,592 3,002,607

997,062 -

28,293 1,952,743 38,537,100

607,617

-

607,617

48,609

155,914

-

1,152,976

92,238

-

-

-

763,531

- 42,419,457 3,393,557

B Commitment and Contigencies Liabilities Exposures on Administrative Account Claims on Government/Sovereign

-

-

-

-

-


-

-

-

-

-

Claims on Multilateral Development Banks and

-

-

-

-

-

International Entities

-

-

-

-

Claims on Banks

-

-

-

-


-

-

-


-

-


-


-

Claims on Corporates Claims on Past Due Exposures Sharia Exposures (if any)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,747

-

7,747

5,493

5,493

-

7,747

620

-

-

5,493

439

-

-

905,273

72,422

-

-

-

-

-

-

-

-

905,273

905,273

-

-

918,513

73,481

C Counterparty Credit Risk Claims on Government/Sovereign

-

-

-

-

-

-

-

-

-

-

-

-


-

-

-

-

-

-

-

-

-

-

-

-


-

-

-

-

-

-

-

-

-

-

-

-

Claims on Banks

-

-

-

-


-

-

-

-

-


-

-

-

-


-

-

-

-

Total Eksposur Counterparty Credit Risk

-

-

-

-

5,619

5,619


68,607

-

-

-

-

74,226

5,938

-

84

-

-

-

84

7

-

-

-

-

-

112,756

9,020

-

-

-

-

-

-

-

68,607

84

112,756 112,756

187,066

14,965

(in IDR million)

0%

20% (3)

31 December 2013 Net Receivable After Credit Risk Mitigation 40% 45% 50% 75%

35% (4)

(5)

(6)

(7)

(8)

Capital Charge

ATMR 100%

(9)

150%

(10)

Lainnya

(11)

(12)

(13)

(14)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

624,495

-

-

-

-

-

732,088

58,567

-

-

-

-

-

-

692,292

55,383

-

-

-

-

-

-

5,388,294

431,064

-

-

-

-

-

-

-

-

-

-

-

-

1,484,216

-

-

-

1,484,216

118,737

-

-

-

-

-

-

39,853,843

-

-

39,853,843

3,188,307

-

-

-

-

-

-

36,429

647,093

-

683,522

54,682

-

-

-

-

-

-

-

1,099,897

103,068

-

1,202,965

96,237

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

624,495

604,863

604,863

87,429

87,429

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

107,593

107,593

46,378,463

750,161

-

-

-

-

-

50,037,220

4,002,978

18,054

1,444

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

226,853

18,148

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,763

701

-

-

-

-

-

-

-

-

2,709,144

216,732

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18,054

18,054

8,763

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,479

181,459

8,763

-

-

4,479

-

1,484,216

5,388,294

181,459

9

9

226,853

2,709,144

2,935,997

-

2,962,814

237,025

-

-

-

185,938

14,875

-

-

-

9

1

101,193

8,095

101,193 101,193

-

-

-

-

-

-

287,140

22,971



Table 4.2.a Disclosure of Net Receiveable and MRK Technique - Bank Individualy

No.

Portfolio Category

(1) (2) A Balance Sheet Exposures Claims on Government/Sovereign Claims on Public Sector Entities Claims on Multilateral Development Banks and International Entities Claims on Banks Claims Secured by Residential Property Claims Secured by Commercial Real Estate Claims on Pension Loans Claims on Micro, Small and Retail Portfolio Claims on Corporates Claims on Past Due Exposures Other Assets Sharia Exposures (if any) Total Balance Sheet Exposures B Commitment and Contigencies Liabilities Exposures on Administrative Account Claims on Government/Sovereign Claims on Public Sector Entities Claims on Multilateral Development Banks and International Entities Claims on Banks Claims Secured by Residential Property Claims Secured by Commercial Real Estate Claims on Pension Loans Claims on Micro, Small and Retail Portfolio Claims on Corporates Claims on Past Due Exposures Sharia Exposures (if any) Total Exposures on Administrative Account C Counterparty Credit Risk Claims on Government/Sovereign Claims on Public Sector Entities Claims on Multilateral Development Banks and International Entities Claims on Banks Claims on Micro, Small and Retail Portfolio Claims on Corporates Sharia Exposures (if any) Total Exposure Counterparty Credit Risk Total (A+B+C)


(in IDR million) Net Receiveable (3)

31 December 2012 Secured Portion Collateral Guarantee

Credit Insurance

Unsecured Net Portion Receiveable

(4)

(5)

Credit Insurance (6)

Unsecured Portion

(4)

(5)

(6)

9.028.199

-

-

-

9.028.199

11,154,634

-

-

-

11,154,634

18.830

1.936

-

-

16.894

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1.824.355

3.139

-

-

1.821.216

3,337,662

-

-

-

3,337,662

2.148.475

985

-

-

2.147.490

1,947,287

535

-

-

1,946,752

7.446

-

-

-

7.446

5,459,119

70,826

-

-

5,388,293

-

-

-

-

-

-

-

-

-

-

2.768.404

164.748

-

-

2.603.656

2,066,400

87,445

-

-

1,978,955

41.067.525

3.534.933

-

-

37.532.592

44,269,282

4,415,439

-

-

39,853,843

(7)=(3)-[(4)+(5)+(6)]

(3)

31 December 2013 Secured Portion Collateral Guarantee

(7)=(3)-[(4)+(5)+(6)]

405.378

300

-

-

405.078

468,163

338

-

-

467,825

1.519.430

-

-

-

1.519.430

1,830,683

-

-

-

1,830,683

-

-

-

-

-

-

58.788.042

3.706.041

-

-

55.082.001

70,533,230

4,574,583

-

-

65,958,647

-

-

-

-

-

-

-

-

-

-

17.428

1.936

-

-

15.492

41,168

5,060

-

-

36,108

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

226,853

-

-

-

226,853

-

-

-

-

-

-

-

-

-

-

16.136

8.811

-

-

7.325

16,412

4,728

-

-

11,684

1.068.701

162.947

961

-

904.793

3,044,156

335,011

-

-

2,709,145

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1.102.265

173.694

961

-

927.610

3,328,589

344,799

-

-

2,983,790

1.927

-

-

-

1.927

2,895

-

-

-

2,895

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

165.309

-

-

-

165.309

385,314

-

-

-

385,314

112

-

-

-

112

12

-

-

-

12

112.756

-

-

-

112.756

101,193

-

-

-

101,193

-

-

-

-

-

-

-

-

-

-

280.104

-

-

-

280.104

489,414

-

-

-

489,414

60.170.411

3.879.735

961

-

56.289.715

74,351,233

4,919,382

-

-

69,431,851



Calculation of Risk Waited Asset - Bank Individualy Table 6.1.a Asset Exposure in Balance Sheet (in IDR million) 31 December 2012 Net RWA Before RWA After Receivable Credit Risk Credit Risk Mitigation Mitigation


(2)

1 Claims on Government/Sovereign 2 Claims on Public Sector Entities 3 Claims on Multilateral Development Banks and International Entities

(3)

(4)

(6)

31 December 2013 Net RWA Before RWA After Receivable Credit Risk Credit Risk Mitigation Mitigation (3)

(4)

11,154,634

(6)

9,028,199

-

-

-

-

18,830

9,415

8,447

-

-

-

-

-

-

-

-

-

4 Claims on Banks

1,824,355

377,030

376,151

3,337,661

732,088

732,088


2,148,475

781,830

781,485

1,947,287

692,479

692,292

7,446

7,446

7,446

5,459,119

5,459,119

5,388,294

6 Claims Secured by Commercial Real Estate 7 Claims on Pension Loans 8 Claims on Micro, Small and Retail Portfolio 9 Claims on Corporates 10 Claims on Past Due Exposures 11 Other Assets Total

2,768,404

2,076,303

1,952,743

2,066,399

1,549,800

1,484,216

41,067,525

41,067,525

37,532,592

44,269,282

44,269,282

39,853,843

405,378

608,067

607,617

468,163

684,030

683,523

1,519,430

-

1,152,976

1,830,683

-

1,202,965

58,788,042

44,927,616

42,419,457

70,533,230

53,386,798

50,037,220

Table 6.1.2 Exposure of Liability Commitment/Contingency on Administrative Account (in IDR million) No. Portfolio Category (1)

(2)

31 December 2012 Net RWA Before RWA After Receivable Credit Risk Credit Risk Mitigation Mitigation (3) (4) (6)


(4)

(6)

-

-

-

-

-

-

17.428

8.714

7.746

41,168

20,584

18,054


-

-

-

-

-

-

4 Claims on Banks

-

-

-

-

-

-


-

-

-

-

-

-

1 Claims on Government/Sovereign 2 Claims on Public Sector Entities


-

-

-

226,853

226,853

226,853


-

-

-

-

-

-

16.136

12.102

5.494

16,412

12,309

8,763

1.068.701

1.068.701

905.273

3,044,156

3,044,156

2,709,144

8 Claims on Micro, Small and Retail Portfolio 9 Claims on Corporates 10 Claims on Past Due Exposures Total

-

-

-

-

-

-

1.102.265

1.089.517

918.513

3,328,589

3,303,902

2,962,814

Table 6.1.7 Total Measurement of Credit Risk (in IDR million) No. Portfolio Category 1 Total Risk waited assets credit risk Total Capital charge factor


31 December 2012

31 December 2013

43,525,036

53,287,174

-

-

Table 6.1.3 Exposure Resulting in Credit Risk Attributable to Counterparty Failure (Counterparty Credit Risk) (in IDR million) 31 December 2012 Net RWA Before RWA After Receivable Credit Risk Credit Risk Mitigation Mitigation (3) (4) (6)


(2)


(4)

(6)

1,927

-

-

2,895

-

-

2 Claims on Public Sector Entities

-

-

-

-

-

-


-

-

-

-

-

-

165,309

74,226

74,226

385,314

185,938

185,938

112

84

84

12

9

9

112,756

112,756

112,756

101,193

101,193

101,193

280,104

187,066

187,066

489,414

287,140

287,140

1 Claims on Government/Sovereign

4 Claims on Banks 5 Claims on Micro, Small and Retail Portfolio 6 Claims on Corporates Total

Table 7.1 Market Risk Disclosure using Standardized Approach (in IDR million) 31 December 2012 Bank Consolidation Capital RWA Capital RWA Charge Charge

No. Risk Type

(1)

(2)

(3)

(4)

(5)

31 December 2013 Bank Consolidation Capital RWA Capital RWA Charge Charge

(6)

(3)

(4)

(5)

(6)

1 Interest Rate Risk

-

-

-

-

-

-

-

-

a. Specific Risk

-

-

-

-

2,056

25,700

-

-

b. General Risk 2 Foreign Exchange Risk 3 Equity Risk*

3,098

38,725

-

-

12,307

153,837

-

-

1,712

21,400

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4 Commodity Risk*

-

-

-

-

-

-

-

-

5 Option Risk

-

-

-

-

-

-

-

-

4,810

60,125

-

-

14,363

179,537

-

-

Total * For banks having subsidiaries with above risk exposure.

Table 8.1 Discloser of Operational Risk - Bank Individually (in IDR million) No. Approach Used (1)

31 December 2012 Average Gross Capital Charge Income in the past 3 years*

RWA

(2)

1 Basic Indicator Approach Total

31 December 2013 Average Gross Capital Charge Income in the past 3 years* (3)

(4)

RWA

(5)

2,510,081

376,512

4,706,403

2,831,689

424,753

5,309,417

2,510,081

376,512

4,706,403

2,831,689

424,753

5,309,417

*The calculation of operational risk RWA using Basic Indicator Approach.



Table 9.1.a Rupiah Maturity Profile - Bank Individual

No.

Post

(1) I

(2)

> 1 months

(5)

(6)

> 12 months

(3)

(4)

(7)

(8)

370,219

370,219

-

-

-

-

5,610,335

3,820,837

794,665

269,902

724,932

-

477,143

477,143

-

-

-

-

BALANCE SHEET A.

Assets 1. Cash 2. Placement to Bank Indonesia 3. Interbank Placement 4. Securities 5. Loan to customer

B.

1,751,689

28,841

20,741

-

255,188

1,446,919

36,640,500

1,755,259

4,010,624

4,231,406

8,208,264

18,434,947 30,581

6. Other Assets

235,585

73,990

91,770

38,874

370

7. Other

224,568

168,468

14,179

8,147

10,728

23,046

45,310,039

6,694,756

4,931,979

4,548,329

9,199,482

19,935,493

35,296,523

18,683,747

6,584,267

1,516,275

114,990

8,397,244

Total Assets Liabilities 1. Deposits of non-bank customers 2. Deposits of Bank Indonesia 3. Deposits of banks 4. Debt securities issued 5. Borrowings 6. Other liabilities 7. Other Total Liabilities Difference of Assets and Liabilities II

Balance

31 December 2012 Report Date Maturity* >1-3 >3–6 > 6 – 12 months months months

-

-

-

-

-

-

639,926

639,926

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

214,049

56,147

82,910

38,584

-

36,408

793,066

266,736

19,203

15,045

153,168

338,914

36,943,564

19,646,556

6,686,380

1,569,904

268,158

8,772,566

8,366,475 (12,951,800)

(1,754,401)

2,978,425

8,931,324

11,162,927

ADMINISTRATIVE ACCOUNT A.

Administrative Account Receivable 1. Commitment 2. Contigency

Total Administrative Account Receivable B.

255,731

63,576

158,800

33,355

-

-

-

-

-

-

-

-

255,731

63,576

158,800

33,355

-

-

7,972,611

484,642

1,194,322

1,356,985

2,164,855

2,771,807

Administrative Account Payable 1. Commitment 2. Contigency

Total Administrative Account Payable Difference of Administrative Account Receivable and Payable Difference [(IA - IB)+(IIA-IIB)] Cummulative Difference * Accordance with the applicable provisions.


425,777

78,745

134,553

81,843

112,138

18,498

8,398,388

563,387

1,328,875

1,438,828

2,276,993

2,790,305

(8,142,657)

(499,811)

(1,170,075)

(1,405,473)

(2,276,993)

(2,790,305)

223,818 (13,451,611)

(2,924,476)

1,572,952

6,654,331

8,372,622

- (13,451,611) (16,376,087) (14,803,135)

(8,148,804)

223,818

(in IDR million) Balance (3)

> 1 months

>1-3 months

31 December 2013 Report Date Maturity* >3–6 months

(4)

(5)

(6)

> 6 – 12 months

> 12 months

(7)

(8)

575,652

575,652

-

-

-

-

4,932,978

4,932,978

-

-

-

-

647,126

647,126

-

-

-

-

3,949,009

1,598,062

711,107

-

1,014,429

625,412

40,997,724

2,765,372

3,606,896

7,126,406

5,887,113

21,611,937

297,829

53,548

144,091

72,228

-

27,962

275,601

195,246

-

4,266

-

76,089

51,675,920

10,767,984

4,462,094

7,202,900

6,901,542

22,341,400

41,569,100

34,022,483

5,770,476

1,636,316

139,825

-

-

-

-

-

-

-

569,188

569,188

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

434,441

50,991

144,774

60,941

-

177,735

637,269

364,151

-

27,564

-

245,554

43,209,998

35,006,813

5,915,250

1,724,821

139,825

423,289

8,465,922

(24,238,829)

(1,453,156)

5,478,079

6,761,717

21,918,111

-

-

-

-

-

-

-

-

-

-

-

-

16,595,276

1,100,324

1,775,496

4,058,717

4,073,807

5,586,932

480,033

139,786

62,505

122,884

111,275

43,583

17,075,309

1,240,110

1,838,001

4,181,601

4,185,082

5,630,515

(17,075,309)

(1,240,110)

(1,838,001)

(4,181,601)

(4,185,082)

(5,630,515)

(8,609,387)

(25,478,939)

(3,291,157)

1,296,478

2,576,635

16,287,596

-

(25,478,939)

(28,770,097)

(27,473,618)

(24,896,983)

(8,609,387)



Table 9.2.a Profile Maturitas Valas - Bank Individualy

No. Post (1) I

(2)

Balance

> 1 months

(3)

(4)

31 December 2012 Report Date Maturity* >1-3 >3–6 > 6 – 12 months months months

> 12 months

(5)

(8)

(6)

(7)

BALANCE SHEET A.

Assets 1. Cash

48,206

48,206

-

-

-

-

2. Placement to Bank Indonesia

1,747,308

1,747,308

-

-

-

-

3. Interbank Placement

1,082,364

1,082,364

-

-

-

-

4. Securities

989,590

144,543

63,234

2,397

-

779,416

5. Loan to customer

8,372,426

1,056,824

828,247

1,321,436

1,000,180

4,165,739

6. Other Assets

1,304,765

684,091

310,395

227,445

7,064

75,770

7. Other

46,992

42,106

-

-

-

4,886

Total Assets

13,591,651

4,805,442

1,201,876

1,551,278

1,007,244

5,025,811

11,242,394

5,995,547

1,569,708

1,437,645

271,941

1,967,553

B.

Liabilities 1. Deposits of non-bank customers 2. Deposits of Bank Indonesia

-

-

-

-

-

-

1,041,727

1,041,727

-

-

-

-

4. Debt securities issued

-

-

-

-

-

-

5. Borrowings

-

-

-

-

-

-

1,295,911

683,284

306,791

226,934

6,515

72,387

198,520

180,431

378

15,444

378

1,889

13,778,552

7,900,989

1,876,877

1,680,023

278,834

2,041,829

(186,901)

(3,095,547)

(675,001)

(128,745)

728,410

2,983,982

7,078,213

1,504,492

750,308

326,778

1,603,935

2,892,700

-

-

-

-

-

-

7,078,213

1,504,492

750,308

326,778

1,603,935

2,892,700

6,764,601

1,262,662

573,248

328,245

1,612,002

2,988,444

742,231

93,984

91,990

123,177

74,267

358,813

Total Administrative Account Payable

7,506,832

1,356,646

665,238

451,422

1,686,269

3,347,257

Difference of Administrative Account Receivable and Payable

(428,619)

147,846

85,070

(124,644)

(82,334)

(454,557)

Difference [(IA - IB)+(IIA-IIB)]

(615,520)

(2,947,701)

(589,931)

(253,389)

646,076

2,529,425

-

(2,947,701)

(3,537,632)

(3,791,021)

(3,144,945)

(615,520)

3. Deposits of banks

6. Other liabilities 7. Other Total Liabilities Difference of Assets and Liabilities II

ADMINISTRATIVE ACCOUNT A.

Administrative Account Receivable 1. Commitment 2. Contigency

Total Administrative Account Receivable B.

Administrative Account Payable 1. Commitment 2. Contigency

Cummulative Difference * Accordance with the applicable provisions.


(in IDR million) Balance

> 1 months

(3)

(4)

31 December 2013 Report Date Maturity* > 1 - 3 months > 3 – 6 months (5)

(6)

> 6 – 12 months (7)

> 12 months (8)

86,422

86,422

-

-

-

-

1,435,184

1,435,184

-

-

-

-

2,025,750

2,025,750

-

-

-

-

2,275,950

279,964

156,652

293,184

-

1,546,150

11,218,367

1,115,003

1,312,572

2,746,083

847,744

5,196,966

1,897,980

594,809

695,878

304,190

9,530

293,573

54,617

48,381

-

6,236

-

-

18,994,270

5,585,513

2,165,102

3,349,692

857,274

7,036,690

15,709,332

13,084,817

1,473,513

842,188

308,814

-

-

-

-

-

-

-

1,028,431

1,028,431

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,765,875

594,864

695,878

315,319

8,025

151,789

105,114

31,138

-

73,977

-

-

18,608,753

14,739,250

2,169,391

1,231,484

316,839

151,789

385,518

(9,153,737)

(4,289)

2,118,209

540,435

6,884,901

3,886,385

1,345,374

67,032

265,063

868,488

1,340,428

-

-

-

-

-

-

3,886,385

1,345,374

67,032

265,063

868,488

1,340,428

9,830,930

1,688,441

1,540,941

1,964,700

1,793,712

2,843,135

1,407,848

189,645

135,476

786,217

221,080

75,430

11,238,778

1,878,087

1,676,418

2,750,917

2,014,792

2,918,565

(7,352,393)

(532,712)

(1,609,385)

(2,485,854)

(1,146,304)

(1,578,137)

(6,966,875)

(9,686,449)

(1,613,674)

(367,646)

(605,870)

5,306,764

-

(9,686,449)

(11,300,124)

(11,667,770)

(12,273,639)

(6,966,875)


Corporate Governance Related Party Funding and Large Exposure Bank has already had policies and procedures on Legal Lending Limits and allocation of funds to related parties and large exposures as part of its prudent management. As of 31 December 2013, loans to related parties and large exposures were as follows: (in IDR million)

No.

Funding

Total Debtor

Nominal

1 To Related Party

171

906,270

2 To Core Debtor

25

12,513,352

a) Individual

8

3,549,036

17

8,964,316

b) Group

Remarks 1. Nominal is all related party outstanding (either included or excluded from LLL calculation, e.g: guaranteed by time deposit, lending to executive officer, with SBLC collateral, Prime Bank). 2. Funding to Core Debtor, based on explanation on Core Debtors in form 10 of Commercial Bank Periodic Report, provided for in Bank Indonesia Regulation concerning Commercial Bank Soundness Assessment System.

Bank’s Strategic Plan In order to improve GCG and to comply with Bank Indonesia regulation, the Bank has proposed Business Plan describing the Bank’s business activities in short term, medium term, direction of the Bank’s policies and strategic objectives of continual operation based on proper planning, prudent and sound banking principles. The business plan is proposed by taking into consideration global and domestic economic development as well as visions to be achieved.


The business plan was formulated on the basis of Bank Indonesia Regulation No.12/21/PBI/2010 regarding Business Plan of Commercial Banking, which covered: • Executive Summary • Management Policies and Strategy • Implementation of Risk Management and Bank’s Performance • Financial Statement Projections • Ratios and Other Posts Projections • Plan for Funding Growth • Plan for Loan Growth • Capital Planning • Plan for Organisational Development and Human Resources • Plan for Development of New Products and/or Activities • Plan for expansion and/or changes the branch network The Bank’s Business Plan 2014 – 2016 was submitted to Bank Indonesia on 29 November 2013. The Bank’s business plans will continue to be driven by the following objectives: • accelerating growth in all business segments while maintaining the quality of productive assets; • strengthening the infrastructure and business processes and controls in support of business growth; • developing human resource competencies which are key to improving employee productivity; and • delivering high quality of service. Transparency of Bank’s Financial and Non Financial Condition That Has Not Been Disclosed in Other Reports Bank has disclosed all its financial and non financial condition because Bank already implements the transparency principle in delivering financial and non financial information to public in a timely, complete, accurate, up to date and comprehensive manner.

Shares Ownership and Financial and Family Relationships of the Member of the Board of Commissioners and Directors with Another Members of Directors and/or the Controlling Shareholders of the Bank. Shares Ownership of Board of Commissioners and Board of Directors Position in Company Name (domestic and No. Name PT Bank UOB Indonesia Overseas) Commissioner 1. Wee Cho Yaw President Commissioner C Y Wee Pte Ltd 2. Wee Ee Cheong Vice President Commissioner Kheng Leong Company Pte Ltd Phoebus Singapore Holdings Pte Ltd Portfolio Nominees Ltd Richly Joy Holdings Ltd Supreme Island Corporation UIP Holdings Ltd Wee Investments (Pte) Ltd Wee Venture (Overseas) Ltd E.C. Wee Pte Ltd C Y Wee Pte Ltd 3 Lee Chin Yong Francis Commissioner NIL 4 Rusdy Daryono Independent Commissioner NIL 5 Wayan Alit Antara Independent Commissioner PT Citra Indah Prayasa Lestari 6 Aswin Wirjadi Independent Commissioner NIL Director 1 Armand B. Arief President Director NIL 2 Iwan Satawidinata Deputy President Director NIL 3 Safrullah Hadi Saleh Director NIL 4 Ajeep Rassidi bin Othman Director NIL 5 Soehadie Tansol

Compliance Director

Assessment and Remuneration for Members of the Boards Remuneration Approval Procedure The Bank performed an annual review of the remuneration for the Board of Commissioners and Board of Directors, based on the performance of the job holders, which was adjusted based on the Bank’s performance. The factors that were taken into account in reviewing the remuneration to include: • Performance of the Bank; • Remuneration budget; • Performance of the job holders; • Skills and competence level; • The prospect of the position and market conditions, as well as the benchmarks reflected in compensation and benefits survey; and • National inflation rate. A remuneration review was conducted for each Commissioner and Director or an individual basis based on the above criteria.

Ownership in percentages 30.00 23.67 26.67 26.01 100.00 26.00 10.00 26.01 26.01 98.00 30.00

5.00

NIL The proposal for any changes to such remuneration should be recommended by the Remuneration and Nomination Committee and must meet the following requirements: • The proposal of changes to the Board of Directors’ remuneration should be agreed by the Board of Commissioners; and • The proposal of changes to the Board of Commissioners’ remuneration should be agreed by the Majority Shareholder. In line with the authority granted in AGMS. Remuneration for the Boards The remuneration package/policy and other facilities for the Board of Commissioners and Board of Directors are as follow: 1. Remuneration package/policy and other facilities for the Board of Commissioners and Board of Directors determined at AGMS were salary and bonus payment/tantieme. 2. Types of remuneration and other facilities to all members of Board of Commissioners and Board of Directors, covering the number of Board of Commissioners and Board of Directors members and the total number of remuneration packages and policies, as well as other benefits are as follows: PT BANK UOB INDONESIA Annual Report 2013 | 99

Corporate Governance Remuneration Package/Policy and Other Facilities for Board of Commissioners and Board of Directors

Highest and Lowest Salary Ratio

Type of Remuneration and Other Facilities for Board of Commissioners and Board of Directors (in million Rupiah)

Type of Remuneration and Other Facilities Remuneration (salary, bonus, routine allowance, tantiem, and other facilities in the form of cash)

Total Received in 1 (one) Year Board of Board of Commissioners Directors Person Total Person Total 6 2,955 6 25,967

Other facilities in kind (housing, transportation, health insurance, etc.) which*

-

-

-

-

can be owned

-

-

-

-

cannot be owned

-

-

6

7,282

Description

Ratio

Ratio of the highest and lowest salary of the employees

1:85.9

Ratio of the highest and lowest salary of the Board of Directors Ratio of the highest and lowest salary of the Board of Commissioners Ratio of the highest salary of the Board of Directors and highest salary of the employee

1:2.4 1:16.2 1:1.7

Shares Option During 2013, Bank does not give Shares Option to Commissioners, Directors or Employees. Number of Legal Cases The following table shows the number of legal issues as at 31 December 2013: Number of issues Civil Law Legal Issues

Description of Remuneration Package for Receiver Group Total Remuneration Per Board of Board of Person In 1 (One) Year*) Commissioner Director Above Rp2 Billion 5

Criminal Law

Bank as plaintiff

Bank as defendant

Settled (has permanent legal power)

-

3

-

* Counted in equivalent Rupiah.

Above Rp1 Billion up to Rp2 Billion

-

1

In settlement process

3

39

-

Above Rp500 million up to Rp1 Billion

3

-

Total

3

42

-

Under Rp500 million

3

-

Transactions Involving Conflict of Interest Listed below are the transaction involving conflict of interest in 2013:

* Received in cash.

No.

Name and Position of the Officer with Conflict of Interest

Name and Position of the Decision Maker

Type of Transaction

Transaction Value

1. UOB Limited Singapore as Shareholder of the Bank

EGMS dated 20 June 2008

UOB Limited Singapore provided the system and information technology development service relating to credit cards, treasury and general system applications in the Bank

2. UOB Property and the Bank has the same shareholder, namely UOB International Private Limited

The Board of Commissioners

Credit extension in the form of Investment Credit USD25.99 million to UOB Property (Outstanding balance as of 31 December 2013)

3. UOB Limited Singapore as Shareholder of the Bank

The Board of Commissioners

Implemented Standardize Core Banking System using UOB Group’ Silverlake solution implemented by UOB Limited Singapore

Note: All transaction with related party did not have potential to harm or reduce the Bank’s profit.


Rp2.37 billion

SGD22.81 million

Bank’s Buy Back Shares and Buy Back Bond During 2013, Bank did not perform any buy back on Bank’s shares and bonds. Corporate Social Responsibility (CSR) Customer Protection Providing high quality and relevant advice for customer is part of our commitment in building a responsible company. As an integral part of the Bank’s growth, customers deserve our best effort in ensuring their needs are met with the appropriate products and services. To meet this objective, we implemented customer complaints policy and established the Bank Customer Service as well as a Call Centre Unit. The Bank has implemented customer complaints and dispute settlement procedure in accordance with BI, among others, through Circular Letter No.13/CSQ/0003 regarding Revised Guidelines for Acceptance and Settlement of Customer Complaints which regulates acceptance of customer complaints in branches and units as well as dispute settlement procedure. Referring to the Circular Letter mentioned above, we provide Customer Complaints Forms, which can be found with every Customer Service officer in every operational office, for any customers who wish to address their complaints to the Bank. In addition, to strengthen our effort in protecting our customer, we distribute relevant information on banking mediation by providing posters on every operational office of the Bank. The Bank Call Centre is available 24-hour, covering all inquiries and requests on credit card, banking and loans through IVR (Interactive Voice Response) and live Call Agent. All services would not be successful without well-trained personnel, thus the Bank provides a series of development programme to train all call agent staffs to deepen their knowledge and skills in the area of service excellence and to ensure smooth information delivery to customers. The table shows the data of customer complaints received by the Bank in 2013:

Period 1st Quarter

Within Service > Service Level Level Agreement Agreement < 5 days 5 - 20 days > 20 days 256 203 124

Bank Involvement in the Community in 2013 In conducting social activities, Bank built strong foundation for the bank in providing ongoing support for the community in which the Bank operates, the three main focus: children, education and arts. Throughout the year 2013, Bank had conducted and participated in the programme, as follows: UOB Heartbeat In 2013, Bank participated in the annual event at the initiative of UOB Group, and managed to raise USD100 million donated to Yayasan Wisma Kasih Bunda with aim to provide medical care for poor children and donated Rp125 Million to Orphanage Bhakti Asih in the form of an operational vehicle for helping children with multiple disabilities. In 2013, the UOB Heartbeat held in Semarang, Central Java, in order to promote the new look of UOB in the region as well as to promote business continuity in Indonesia. Blood Donors UOB in July 2013, as part of its commitment to the community Bank in cooperation with Indonesian Red Cross (PMI) invited more than 230 employees in Jakarta to be involved in blood donation. Children Education UOB Bank was also working with the Kick Andy Foundation to provide support to the talented Indonesian children in realizing their dreams and personal development. In addition, Bank also worked with Kick Andy Foundation in order to provide support to street children in Bantul, Yogyakarta managed by Hafara Foundation, in the form of provision of school equipment and libraries for children. Painting of the Year UOB UOB believe that the arts play a very important role in community development for economic empowerment. Hence, Bank share our art collection with a choice collection of art showcased at UOB offices with our customers. Increasing public awareness of the arts is also a priority to the implementation of painting competition “UOB Painting of Year” (POY) which was held for Item Closing 463

Closing Ratio

In Process 120

Total 583

in percentages 79.42

2nd Quarter

396

237

136

628

141

769

81.66

3rd Quarter

340

507

299

928

218

1,146

80.98

4th Quarter Total

334

318

168

652

168

820

79.51

1,326

1,265

727

2,671

647

3,318

80.50


Corporate Governance third times in 2013. UOB POY competition is also intended to discover new talents of Indonesian artists. Artist from Yogyakarta, Suroso Isur, won the UOB POY 2013 and the opportunity to participate in the competition at the level of UOB POY Regional in South-East Asia and the residency programme at the Fukuoka Asian Art Museum in Fukuoka, Japan. Indonesia Savings Movement in cooperation with Bank Indonesia Bank also considers the importance of efforts to educate consumers to save and invest wisely. In 2013, Bank in cooperation with Bank Indonesia and other banks were involved in Indonesia Savings Movement (GIM) to promote increased awareness in financial investment and planning for the citizens of Semarang, Central Java, especially school students. Campaigns were packaged into edutainment activities which were attended by more than 1000 students from schools in Semarang and its surrounding areas. Healthy Body, Healthy Financial with UOB - Staff Volunteerism In the fourth quarter of 2013, Bank made use of Car Free Day on protocol roads in Jakarta to hold community events to educate the public about the importance of savings as one of the instruments in the financial planning for a better future. The campaign was conducted in front of UOB Plaza Headquarters involving employees from different functions and units of work in the format of edutainment. In 2013, the total CSR fund contributed by the Bank, amounted to IDR4.36 billion. General Conclusion of The Result of Self Assessment of the Implementation of Good Corporate Governance at Bank Bank conducted a self assessment on its implementation of GCG principles as at December 2013. The Bank is rated by comparing its GCG implementation against the minimum criteria set by Bank Indonesia. The Management is very aware that the Bank should implement Good Corporate Governance to gain trust from customers as well as shareholders. The Bank also has principle that GCG should be achieved with high standard in order to support business (for business growth, profitability, and value added for all stakeholders) as well as in order to enhance the ability so that the long-term business sustainability can be achieved.


Based on GCG Self Assessment in Semester II 2013, the Bank is placed at composite rating 2, which means that the Bank has performed generally ‘Good’ GCG implementation. This is reflected from adequate fulfilment of GCG principles. If there are weaknesses in the GCG implementation, then they are in general less significant and can be addressed with normal actions by the Bank management. Below is the result of GCG Self Assessment viewed from the aspect of governance structure, governance process and governance outcome in 11 (eleven) Rating Factors: a. Governance Structure • The Board of Commissioners, Board of Directors as well as Committees have had work guidelines and rules of procedure along with their respective implementations. • Bank has had sufficient organisation structure to support good implementation of risk management and internal control, namely Internal Audit Work Unit, Risk Management Work Unit and Risk Management Committee also Compliance Work Unit. • The Bank has also had sufficient policy, procedure and risk limit stipulation in which management actively monitoring those policies, procedures and limit stipulation. • Bank has been equipped with necessary policy, guidelines, system and procedure to regulate its operational and business activities which are consistently updated to be aligned with the business development and prevailing laws and regulations. • Bank has provided qualified human resources to implement control function such as in Compliance Function, Risk Management Function and also Internal Audit Function. • Bank has regulated internally the handling of parties, related to employees, Commissioners and Directors through various policies, including policy related to procurement of goods and services, and other policies. • Bank has actively stipulated effective and sufficient policies, system and procedures in regulating facilities to related party and large exposure along with their monitoring and resolution of problems occurred from the disbursed facilities. • Bank has successfully completed core banking system migration process from ICBS to Silverlake which is hoped to increase Bank’s internal reporting system efficiency apart from supporting Bank’s business strategy and operational process. • The Bank’s Business Plan has been prepared each year by considering Bank’s vision and mission.

However, there is still an issue that needs to be improved, that is the number of Internal Audit staff which are insufficient to conduct audit in the future considering the development of Bank’s business and development based on the additional total asset, number of employees as well as number of office network. To deal with the situation, currently Internal Audit is conducting development on offsite audit activity. b. Governance Process • Implementation of Board of Commissioners, Board of Directors and Committees duties has been performed in accordance with the Work Guidelines and Rules of Procedure. • Towards transactions with related parties conducted throughout January to December 2013, the Bank has managed them according to conflict of interest transaction handling policy in the Bank. • Bank has established strategy of Bank’s Compliance Function implementation stated in Compliance Policy and Procedure. All policies and procedures have been performed in accordance with the prevailing provisions, as stated in the Report of Bank Compliance Function Implementation to Bank Indonesia and President Director as well as the Board of Commissioners. • Bank through IA has performed its activities based on RiskBased Approach. All processes in IA have been sufficiently performed, such as reporting, monitoring of follow up, and development of human resources. Implementation of IA function has been, in general, conform to SPFAIB. • In the audit implementation by external auditor, Purwantono, Suherman and Surja Public Accountant Firm has met the specified aspects and has performed audit independently, also has met professional public accountant standard, engagement letter and audit scope specified in the prevailing regulations. • Bank has established comprehensive and effective management information system to maintain a sound internal Bank condition. • Effective management in monitoring alignment of Bank’s condition with the principle of sound management, applicable regulations, and Bank’s internal policies and procedures. • Periodical evaluation and update have been conducted by the Bank on policies, systems and procedures concerning Facilities to Related Parties and Large Exposures to be conformed to prevailing laws and regulations, and also reflected from the Bank independency in discussion and decision-making process without intervention of any party in accordance with the Bank’s provision on Credit Discretionary Limit.

• In terms of the delivery of product information, Bank has conducted a clear and transparent manner, and also consistently handling customers’ complaints against minor weaknesses that occurred through proper customers’ complaints handling mechanism. • Bank Business Plan has been formulised based on BI Circular Letter No.12/27/DPNP dated 25 October 2010 and adjusted with Bank’s SWOT and Risk analysis. This plan already obtained approval and full support of the Board of Commissioners, and its execution is continuously monitored and directed by the Board of Directors as well as being communicated to the Board of Commissioners and all work function through budget workshop meeting. • In spite of that, there are still several items that need to improve, namely a delay on audit planning of 2013 caused by new system implementation plan in 2014, therefore it deemed necessary to postpone several audit until the new system has been implemented. Apart from those delayed audit plans in 2013, achievement realisation has been aligned with the initial work plan. There were still some findings from Internal Audit and regulator regarding to the Bank’s internal control system as well as several targets that have deviated from its realisation by the end of year 2103. The variance however is insignificant. Moreover, despite certain realisation which is below target, the Bank’s Capital Adequacy Ratio (CAR) at the end of 2013 has managed to be realised above target and still above the minimum level required by Bank Indonesia. c. Governance Outcome • The monitoring results of Board of Commissioners have become inputs for the Board of Directors in executing their duty and to achieve good performance. • Board of Directors’ Duties has been well-implemented, as evident in Bank’s business development and performance. • The Board of Commissioners and Board of Directors have conducted active supervision towards the implementation of risk management policies and strategies whereas the meetings of committees are conducted on a regular basis to support the supervisory function of the Board of Commissioners. • All transactions with related party in 2013 holds no potential loss or lessening the Bank’s profit due to having been managed accordingly with the policy of transactions handling containing conflict of interest in the Bank. • The Implementation of Bank’s compliance function is reflected from the ever-prompt submission of Compliance


Corporate Governance Function Implementation Report, both on a quarterly basis to Bank’s Management, and Half-Annually to Bank Indonesia. The scope of the report has been in line with Bank Indonesia’s Provisions. • Bank’s Internal Audit Function has been carried out adequately, enabling adequate report to the Board of Directors and Board of Commissioners, as well as being supported with an audit programme to support the implementation of audit process. • KAP Purwantono, Suherman and Surja as the executor of Bank’s external audit function has reported its audit result and management letter to Bank Indonesia on a timely manner and in line with the audit scope as stipulated in the prevailing provisions. • There were no LLL breaches throughout January – December 2013, and all reports related to facilities to related parties and large exposures have been submitted according to the real condition and on a timely manner to Bank Indonesia. • Bank in 2013 has implemented Transparency principle towards its financial and non-financial conditions as conveyed through Quarterly and Annual Publication Report. In the Annual Publication Report, Bank has routinely report the implementation of Good Corporate Governance, in line with the prevailing Bank Indonesia Regulations. • The corporate plan and business plan drafted by the Board of Directors have been approved by the Board of Commissioners and communicated to the ultimate shareholder through the Board of Commissioners as well as being communicated to all levels in the organisation. Bank’s business plan has also described a sustainable growth targeted as well as providing economic and noneconomic benefit to all stakeholders. Bank has also concluded its Core Banking Refresh project within the targeted timeline.


While several items that need improvements are namely: • During the period of January – December 2013, there were breaches of Bank Indonesia provisions mostly due to human error in fulfilling reporting obligations to Bank Indonesia. The Bank will improve its controls through RBBR Working Group– Prevention and Improvement Work Streams to prevent future recurrence. In general, Bank will continuously evaluate the conformity with and adequacy and effectiveness of Bank’s compliance function implementation to comply with the prevailing laws and regulations. • Implementation of Bank’s internal control shows the need of improvement reflected from the risk control system of risk profile report and its corrective actions have been performed, therefore preventing significant impacts to the Bank’s condition. • There are still customers’ complaints related to incomplete information given by the Bank’s front liners officers to customers on the Bank’s products and services. These customers’ complaints have been resolved by the Bank according to the prevailing provision. In order to reduce the amount of customers’ complaints, the Bank consistently conducts improvements on the service quality of the front liners through trainings aimed at increasing awareness of these front liners on the importance of implementing transparency principle in all business activities, particularly related to the delivery of services to customers.

Information Access

External Communications

Internal Communications The Bank uses its various internal communications channels to educate employees on banking industry, business related activities, policies and plans. The internal communication network comprises: • UOB Intranet Portal which contains information crucial to support the Bank’s services as well as day-to-day operations. • Monthly News email newsletter which carries CEO messages, business updates and reports. • Daily News alerts which contain a summary of selected news reports on the national banking industry. • Market Analysis is a daily bulletin containing information on the conditions of domestic and global markets. • HR News is published periodically to inform the activities organised by Human Resources Directorate and other information relating to manpower. • PFS News is published regularly to inform news, promotions and programmes launched by Personal Financial Services Directorate. • TSB News contains information on activities conducted by Transaction Banking unit. • CASQ News is a monthly publication containing any information related to customer service quality, • OBOR is a quarterly publication as a communication media for operational risk coordinators (ORISCO) at the head office and branches. • Legal Info is a monthly publication containing information on legal matters and activities conducted by Legal unit. • RMG Bulletin is a bimonthly publication and contains information.

Website The Bank provides access for customers and general public by providing www.uob.co.id website as a portal service that also provides the latest information. On this site, public can find out among others, the Bank’s profile, products and services, interest rates, financial performance, addresses of branches and subbranches and ATMs, as well as job vacancies. Call Centre 14008 The customers can also access information regarding the Bank or its products and services by calling the 24-hours Call Centre at ‘14008’. Press Release and Media Interviews Throughout 2013, the Bank issued 10 (ten) press releases and conducted 9 (nine) one-on-one interview with various media, to promote and communicate its products, and corporate actions.


Responsibility for Annual Reporting STATEMENT FROM THE BOARD OF COMMISSIONERS AND DIRECTORS REGARDING RESPONSIBILITY FOR ANNUAL REPORTING 2013 PT BANK UOB INDONESIA This Annual Report along with the accompanying financial statements and other related information are the responsibility of the Management of PT Bank UOB Indonesia and have been

approved by the members of the Board of Commissioners and the Board of Directors whose signatures appear below:

Board of Commissioners

Wee Cho Yaw President Commissioner

Wee Ee Cheong Vice President Commissioner

Lee Chin Yong Francis Commissioner

Rusdy Daryono Independent Commissioner

Wayan Alit Antara Independent Commissioner

Aswin Wirjadi Independent Commissioner

Board of Directors

Armand B. Arief President Director

Tan Chin Poh Deputy President Director

Iwan Satawidinata Deputy President Director

Safrullah Hadi Saleh Director

Ajeep Rassidi bin Othman Director

Soehadie Tansol Compliance Director

106 | PT BANK UOB INDONESIA ANNUAL REPORT 2013

PT BANK UOB INDONESIA ANNUAL REPORT 2013 | 107


Financial Statements Contents 110 Independent Auditor’s Report 114 Statements of Financial Position 118 Statements of Comprehensive Income 120 Statements of Changes in Equity 121 Statements of Cash Flows 123 Notes to the Financial Statements






The original financial statements included herein are in the Indonesian language.

PT BANK UOB INDONESIA LAPORAN POSISI KEUANGAN 31 Desember 2013, 2012 dan 2011 (Disajikan dalam Jutaan Rupiah, Kecuali Dinyatakan Lain)

Catatan/ Notes ASET Kas Giro pada Bank Indonesia Giro pada bank lain Pihak ketiga Pihak berelasi Penempatan pada Bank Indonesia dan bank lain Pihak ketiga Pihak berelasi

Efek-efek yang diperdagangkan Investasi keuangan - setelah dikurangi diskonto yang belum diamortisasi sebesar Rp8.118, Rp74.759 dan Rp117.276 pada tanggal 31 Desember 2013, 2012 dan 2011

2a,2c, 3,37,39 2a,2c, 2d,4,37,39 2a,2c,2d, 2l,5,37,39 2b,34

2a,2c,2e, 2l,6,37,39 2b,34 2a,2c,2f, 2l,7,37,39

PT BANK UOB INDONESIA STATEMENTS OF FINANCIAL POSITION December 31, 2013, 2012 and 2011 (Expressed in Millions of Rupiah, Unless Otherwise Stated)

2013

2012

2011 ASSETS

662.074

418.425

4.760.162

4.047.388

376.864

3.553.147 Current accounts with Bank Indonesia Current accounts with other banks

766.559 394.341

389.785 507.273

466.959 199.317

1.160.900

897.058

666.276

2.873.010 246.966

2.644.529 105.075

2.809.270 280.294

3.119.976

2.749.604

3.089.564

578.308

621.532

1.301.802

2a,2c,2g,2h, 2l,8,37,39

Tersedia untuk dijual Dimiliki hingga jatuh tempo

Cash

Third parties Related parties Placements with Bank Indonesia and other banks Third parties Related parties

Trading securities Financial investments - net of unamortized discount of Rp8,118, Rp74,759 and Rp117,276 as of December 31, 2013, 2012 and 2011

4.974.650 672.002

3.083.092 259.755

4.151.655 403.263

Cadangan kerugian penurunan nilai

5.646.652 (710)

3.342.847 (640)

4.554.918 (4.033)

Neto

5.645.942

3.342.207

4.550.885

Net

350.281

113.482

82.604

Derivatives receivable

Tagihan derivatif Kredit yang diberikan Pihak ketiga Pihak berelasi

2b,2c,2i, 2l, 9,34,37,39 2c,2j,2l, 10,15,16, 17,37,39

44.630.059 348.724

39.002.485 354.423


52.216.092 (345.652)

44.978.783 (502.877)

39.356.908 (491.131)

Neto

51.870.440

44.475.906

38.865.777

Catatan terlampir merupakan bagian yang tidak terpisahkan dari laporan keuangan secara keseluruhan. 114 | PT BANK UOB INDONESIA Annual Report 2013

Allowance for impairment losses

Loans 51.808.430 407.662

2b,34

Available-for-sale Held-to-maturity

Third parties Related parties Allowance for impairment losses

The accompanying notes form an integral part of these financial statements.

1

Net


PT BANK UOB INDONESIA LAPORAN POSISI KEUANGAN (lanjutan) 31 Desember 2013, 2012 dan 2011 (Disajikan dalam Jutaan Rupiah, Kecuali Dinyatakan Lain)

Catatan/ Notes ASET (lanjutan) Tagihan akseptasi

2c,2k,2l, 11,37,39


Aset tetap Biaya perolehan Akumulasi penyusutan Penurunan nilai

2w,19 2b,2n,12, 28,34

Nilai buku Aset lain-lain - neto TOTAL ASET

2013

2012

2c,2m,2o,2p 13,37,39

2011 Assets (continued)

1.845.261

1.409.828

(2.106)

Neto Aset pajak tangguhan - neto

PT BANK UOB INDONESIA STATEMENTS OF FINANCIAL POSITION (continued) December 31, 2013, 2012 and 2011 (Expressed in Millions of Rupiah, Unless Otherwise Stated)

(3.326)

1.472.001 (15.125)

Acceptances receivable Allowance for impairment losses

1.843.155

1.406.502

1.456.876

Net

-

-

13.104

Deferred tax assets - net Fixed assets

1.641.744 (654.163) (3.110)

1.483.561 (598.269) (3.110)

1.407.655 (586.904) (3.417)

984.471

882.182

817.334

Net book value

406.498

418.789

474.014

Other assets - net

71.382.207

59.373.075

55.248.247

TOTAL ASSETS

Catatan terlampir merupakan bagian yang tidak terpisahkan dari laporan keuangan secara keseluruhan.

Cost Accumulated depreciation Impairment in value


2




Catatan/ Notes


2013

2012

2011

LIABILITAS DAN EKUITAS LIABILITAS Liabilitas segera

LIABILITIES AND EQUITY 2c, 14,37,39

Simpanan Giro Pihak ketiga Pihak berelasi

2c,2q 10,15,37,39

Tabungan Pihak ketiga Pihak berelasi

10,16,37,39

Deposito berjangka Pihak ketiga Pihak berelasi

10,17,37,39

Total simpanan Simpanan dari bank lain Bunga yang masih harus dibayar Hutang pajak Liabilitas derivatif Liabilitas atas surat berharga yang dijual dengan janji dibeli kembali Liabilitas akseptasi

LIABILITIES 67.723

217.802

80.001

Current liabilities Deposits Demand deposits Third parties Related parties

5.322.737 13.327

4.984.869 2.262

4.836.886 3.744

5.336.064

4.987.131

4.840.630

9.257.841 30.946

8.143.000 21.732

7.773.980 31.147

9.288.787

8.164.732

7.805.127

42.551.536 102.047

33.336.342 50.713

30.188.544 68.912

42.653.583

33.387.055

30.257.456

57.278.434

46.538.918

42.903.213

Total deposits

1.597.619

1.681.653

1.316.501

Deposits from other banks

2s,37,39

196.174

151.373

174.216

Interests payable

2w,19

131.331

85.071

69.539

Taxes payable

2b,2c,2i,9, 34,37,39

354.031

116.151

82.005

Derivatives payable

2b,34

2b,34

2b,34

2b,2c,2r,18, 34,37,39

2c, 20,37 2c,2k, 11,37,39

Savings deposits Third parties Related parties Time deposits Third parties Related parties

-

-

1.190.297

Obligation on securities sold under repurchase agreements

1.845.261

1.389.757

1.472.001

Acceptances liabilities

Liabilitas pajak tangguhan - neto

2w,19

39.589

40.181

-

Deferred tax liability - net

Liabilitas atas imbalan kerja

2v,32

78.720

69.982

52.146

Liabilities for employees’ benefits

2b,2c,22, 34,37,39

524.715

500.460

440.389

62.113.597

50.791.348

47.780.308

Liabilitas lain-lain Total Liabilitas


Other liabilities Total Liabilities


3



Catatan/ Notes


2013

2012

2011

EKUITAS Modal saham - nilai nominal Rp250 (nilai penuh) per saham Modal dasar - 36.000.000.000 saham pada tahun 2013, 2012 dan 2011 Modal ditempatkan dan disetor penuh - 9.553.885.804 saham pada tahun 2013, 2012 dan 2011 Tambahan modal disetor - neto Selisih nilai transaksi restrukturisasi entitas sepengendali (Kerugian) keuntungan yang belum direalisasi atas efek-efek yang tersedia untuk dijual - neto Saldo laba Telah ditentukan penggunaannya Belum ditentukan penggunaannya Total Ekuitas TOTAL LIABILITAS DAN EKUITAS

EQUITY 23

2x,24

2x,24

2g,8 25

2.388.471

2.388.471

2.388.471

Share capital - Rp250 (full amount) par value per share Authorized - 36,000,000,000 shares in 2013, 2012 and 2011 Issued and fully paid 9,553,885,804 shares in 2013, 2012 and 2011

2.102.242

812.595

812.595

Additional paid-in capital - net

1.289.647

Difference in the value of restructuring transactions of entities under common control

35.868

3.177

Unrealized (loss) gain on available-for-sale securities - net

70.000 4.885.312

45.000 4.010.146

42.500 2.931.549

Retained earnings Appropriated Unappropriated

9.268.610

8.581.727

7.467.939

Total Equity

71.382.207

59.373.075

55.248.247

TOTAL LIABILITIES AND EQUITY

-

1.289.647

(177.415)



4



PT BANK UOB INDONESIA LAPORAN LABA RUGI KOMPREHENSIF Tahun yang Berakhir pada Tanggal-tanggal 31 Desember 2013, 2012 dan 2011 (Disajikan dalam Jutaan Rupiah, Kecuali Dinyatakan Lain)

Catatan/ Notes PENDAPATAN DAN BEBAN OPERASIONAL Pendapatan dan beban bunga Pendapatan bunga Beban bunga

2b,2s,26 2b,2s,27,33

PENDAPATAN BUNGA - NETO

PT BANK UOB INDONESIA STATEMENTS OF COMPREHENSIVE INCOME Years Ended December 31, 2013, 2012 and 2011 (Expressed in Millions of Rupiah, Unless Otherwise Stated)

2013

2012

2011

5.429.894 (2.584.031)

4.865.777 (2.060.725)

4.113.386 (1.774.928)

2.845.863

2.805.052

2.338.458

INTEREST INCOME - NET

174.747

Other operating income Administration fees and commissions - net

Pendapatan Operasional Lainnya Komisi dan jasa administrasi - neto Keuntungan yang telah direalisasi dan belum direalisasi atas efek-efek yang dijual dan perubahan nilai wajar efek-efek yang diperdagangkan - neto Keuntungan transaksi mata uang asing Lain-lain - neto

2b,2t

Pembentukan (penyisihan) pemulihan kerugian penurunan nilai: Aset keuangan dan estimasi kerugian komitmen dan kontinjensi Nilai agunan yang diambil alih

183.444

193.674

2f,2g

142.901

74.156

50.697

2i,2u

146.707 85.554

108.813 96.885

136.412 111.327

558.606

473.528

473.183

Total Pendapatan Operasional Lainnya - Neto

2l,2m 2m,13

Total Pembentukan Cadangan Kerugian Penurunan Nilai

INCOME AND EXPENSE FROM OPERATIONS Interest income and expenses Interest income Interest expense

Realized and unrealized gain on securities sold and from changes in fair value of trading securities - net Gain from foreign currency transactions Others - net Total Other Operating Income - Net

73.038 8.951

(68.198) (6.386)

(209.308) 19.686

(Provision for) reversal of impairment losses: Financial assets and estimated losses on commitments and contingencies Value of foreclosed assets

81.989

(74.584)

(189.622)

Total Provision for Impairment Losses

Beban Operasional Lainnya Gaji dan kesejahteraan karyawan

2v,29,32b

(1.252.413)

(1.155.496)

Beban umum dan administrasi

2b,2n, 12,28,34

(743.748)

(632.296)

(638.287)

(1.996.161)

(1.787.792)

(1.567.524)

Total Other Operating Expenses

1.490.297

1.416.204

1.054.495

INCOME FROM OPERATIONS

Total Beban Operasional Lainnya LABA OPERASIONAL

Other operating expenses (929.237) Salaries and employees’ benefits General and administrative expense

Pendapatan (beban) non-operasional Keuntungan penjualan aset tetap dan agunan yang diambil alih 2n,2o,12,13 Lain-lain - neto

49.136 240

56.534 16.169

21.585 (521)

Pendapatan Non-Operasional Neto

49.376

72.703

21.064

Non-Operating Income - Net

1.539.673

1.488.907

1.075.559

INCOME BEFORE TAX EXPENSE

LABA SEBELUM BEBAN PAJAK Beban pajak Periode berjalan Tangguhan

2w,19

Total beban pajak LABA NETO TAHUN BERJALAN

(322.515) (70.502)

(334.802) (42.388)

(268.939) (13.064)

Tax expense Current Deferred

(393.017)

(377.190)

(282.003)

Total tax expense

1.146.656

1.111.717


Non-operating income (expenses) Gain on sale of fixed assets and foreclosed assets Others - net

793.556

NET INCOME FOR THE YEAR


5


PT BANK UOB INDONESIA LAPORAN LABA RUGI KOMPREHENSIF (lanjutan) Tahun yang Berakhir pada Tanggal-tanggal 31 Desember 2013, 2012 dan 2011 (Disajikan dalam Jutaan Rupiah, Kecuali Dinyatakan Lain)

Catatan/ Notes LABA NETO TAHUN BERJALAN

PT BANK UOB INDONESIA STATEMENTS OF COMPREHENSIVE INCOME (continued) Years Ended December 31, 2013, 2012 and 2011 (Expressed in Millions of Rupiah, Unless Otherwise Stated)

2013

2012

1.146.656

1.111.717

2011 793.556

Pendapatan komprehensif lainnya: (Kerugian)/keuntungan yang belum direalisasi atas efek-efek yang tersedia untuk dijual

NET INCOME FOR THE YEAR

Other comprehensive income Unrealized (loss)/gain on available-for-sale securities

(284.377)

43.588

20.940

Pajak penghasilan terkait dengan komponen pendapatan komprehensif lainnya

71.094

(10.897)

(5.315)

Pendapatan komprehensif lainnya tahun berjalan - setelah pajak

(213.283)

32.691

15.625

Other comprehensive income for the year - net of tax

Total laba komprehensif tahun berjalan - setelah pajak

933.373

1.144.408

809.181

Total comprehensive income for the year - net of tax


Income tax relating to component of other comprehensive income


6




PT BANK UOB INDONESIA LAPORAN ARUS KAS Tahun yang Berakhir pada Tanggal-tanggal 31 Desember 2013, 2012 dan 2011 (Disajikan dalam Jutaan Rupiah, Kecuali Dinyatakan Lain)

Catatan/ Notes ARUS KAS DARI AKTIVITAS OPERASI Penerimaan bunga, provisi dan komisi Penerimaan dari transaksi operasional lainnya Penerimaan dari penjualan agunan yang diambil alih Penerimaan dari kredit yang telah dihapusbukukan Pembayaran bunga Pembayaran beban operasional lainnya Pembayaran pajak penghasilan Penerimaan dari klaim atas pengembalian pajak Penerimaan (pembayaran) untuk transaksi non-operasional - neto

PT BANK UOB INDONESIA STATEMENTS OF CASH FLOWS Years Ended December 31, 2013, 2012 and 2011 (Expressed in Millions of Rupiah, Unless Otherwise Stated)

2013

2012

2011

5.388.420

4.881.130

556.826

433.167

355.773

73.594

31.515

50.888

29.573 (2.539.230)

24.401 (2.083.568)

17.607 (1.653.695)

(1.928.504) (298.099)

(1.684.511) (319.639)

(1.498.239) (275.770)

-

1.040

240

16.170

Perubahan dalam aset dan liabilitas operasi: Penurunan (kenaikan) aset operasi: Penempatan pada Bank Indonesia dan bank lain Efek-efek untuk tujuan diperdagangkan Kredit yang diberikan Akseptasi Aset lain-lain Kenaikan (penurunan) liabilitas operasi: Liabilitas segera Simpanan: Giro Tabungan Deposito berjangka Simpanan dari bank lain Hutang pajak Liabilitas lain-lain

-

ARUS KAS DARI AKTIVITAS INVESTASI Hasil penjualan aset tetap Pembelian efek-efek - neto Perolehan aset tetap Kas Neto Digunakan untuk Aktivitas Investasi ARUS KAS DARI AKTIVITAS PENDANAAN Pembayaran dividen tunai (Pembelian) penerimaan atas penjualan surat berharga yang dijual dengan janji untuk dibeli kembali Kas Neto Diperoleh dari/ (Digunakan untuk) Aktivitas Pendanaan

398.270

(339.938) (7.345.131) (435.433) 18.183

1.295.842 (5.682.033) (20.071) 54.095

(150.080)

Kas Neto Diperoleh dari Aktivitas Operasi

12

CASH FLOWS FROM OPERATING ACTIVITIES Interest, fees and commissions 4.112.435 received

137.801

348.932 1.124.055 9.266.528 371.470 21.845 23.231

146.479 359.627 3.129.598 365.152 368 60.072

4.186.482

1.544.905

(521)

Other operating income received Receipts from sales of foreclosed assets Receipts from loans previously written-off Payments of interest Payments of other operating expenses Payments of income tax Receipts from claim of tax refund (Receipts) payments of nonoperating transactions - net

Changes in operating assets and liabilities: Decrease (increase) in operating assets Placements with Bank (398.270) Indonesia and other banks (1.776.997) (12.179.235) 8.033

Trading securities Loans Acceptance Other assets Increase (decrease) in operating liabilities: (7.662) Current liabilities Deposits: 1.638.063 Demand deposits 496.163 Savings deposits 12.506.066 Time deposits (659.601) Deposits from other banks 15.538 Taxes payable (51.932) Other liabilities 698.644

Net Cash Provided by Operating Activities

CASH FLOWS FROM INVESTING ACTIVITIES 11.480 Proceeds from sales of fixed assets (242.926) Purchase of securities - net (94.827) Acquisitions of fixed assets

25.884 (2.907.643) (192.527)

58.830 35.048 (151.296)

(3.074.286)

(57.418)

(326.273)

(30.620)

CASH FLOWS FROM FINANCING ACTIVITIES (247.120) Cash dividends paid

(1.190.297)

1.190.297

(Purchase of) receipt on sale of securities under repurchase agreements

(1.220.917)

943.177

Net Cash Provided by/(Used in) Financing Activities

(246.490)

-

(246.490)


Net Cash Used in Investing Activities


8



PT BANK UOB INDONESIA LAPORAN ARUS KAS (lanjutan) Tahun yang Berakhir pada Tanggal-tanggal 31 Desember 2013, 2012 dan 2011 (Disajikan dalam Jutaan Rupiah, Kecuali Dinyatakan Lain)

Catatan/ Notes

PT BANK UOB INDONESIA STATEMENTS OF CASH FLOWS (continued) Years Ended December 31, 2013, 2012 and 2011 (Expressed in Millions of Rupiah, Unless Otherwise Stated)

2013

2012

2011

Kenaikan Neto Kas dan Setara Kas

386.267

150.688

1.292.321

Net Increase in Cash and Cash Equivalents

Pengaruh neto perubahan kurs pada Kas dan setara kas

479.439

115.882

23.227

Net effect on exchange rate on cash and cash equivalent

Kas dan Setara Kas Awal Tahun

2a

8.837.406

8.570.836

7.255.288

Cash and Cash Equivalents at Beginning of Year

Kas dan Setara Kas Akhir Tahun

2a

9.703.112

8.837.406

8.570.836

Cash and Cash Equivalents at End of Year

Komponen Kas dan Setara Kas Kas Giro pada Bank Indonesia Giro pada bank lain Penempatan pada Bank Indonesia dan bank lain - jatuh tempo dalam 3 (tiga) bulan sejak tanggal perolehan Sertifikat Bank Indonesia - jatuh tempo dalam 3 (tiga) bulan sejak tanggal perolehan

3

662.074

418.425

376.864

4 5

4.760.162 1.160.900

4.047.388 897.058

3.553.147 666.276

3.119.976

2.749.604

2.691.294

-

724.931

1.283.255

Components of Cash and Cash Equivalents Cash Current accounts with Bank Indonesia Current accounts with other banks Placements with Bank Indonesia and other banks maturing within 3 (three) months from the date of acquisition Certificates of Bank Indonesia maturing within 3 (three) months from the date of acquisition

9.703.112

8.837.406

8.570.836

Total

Total



9


PT BANK UOB INDONESIA NOTES TO THE FINANCIAL STATEMENTS Years Ended December 31, 2013, 2012 and 2011 (Expressed in Millions of Rupiah, Unless Otherwise Stated)

PT BANK UOB INDONESIA CATATAN ATAS LAPORAN KEUANGAN Tahun yang Berakhir pada Tanggal-tanggal 31 Desember 2013, 2012 dan 2011 (Disajikan dalam Jutaan Rupiah, Kecuali Dinyatakan Lain) 1.

Umum a.

1.

Pendirian Bank dan Informasi Umum

General a.

Establishment of the Bank and General Information

PT Bank UOB Indonesia (dahulu PT Bank UOB Buana) (“Bank”) didirikan di Indonesia berdasarkan Akta Pendirian No. 150 tanggal 31 Agustus 1956 yang dibuat di hadapan Notaris Eliza Pondaag, S.H. Akta pendirian ini disahkan oleh Menteri Kehakiman Republik Indonesia dalam Surat Keputusan No. J.A 5/78/4 tanggal 24 Oktober 1956, didaftarkan pada Pengadilan Negeri Jakarta dengan No. 1811 tanggal 27 Oktober 1956 dan telah diumumkan dalam Berita Negara Republik Indonesia No. 96, Tambahan No.1243 tanggal 30 November 1956.

PT Bank UOB Indonesia (formerly PT Bank UOB Buana) (the “Bank”) was established in Indonesia based on the Deed of Establishment No. 150 dated August 31, 1956 of Eliza Pondaag, S.H. The Deed of Establishment was approved by the Minister of Justice of the Republic of Indonesia in its Decree Letter No. J.A 5/78/4 dated October 24, 1956, as recorded at the Jakarta Court of Justice under registration No. 1811 dated October 27, 1956 and was published in State Gazette of the Republic of Indonesia No. 96 Supplement No. 1243 dated November 30, 1956.

Sesuai dengan Pasal 3 Anggaran Dasar Bank, ruang lingkup kegiatan usaha Bank adalah menjalankan kegiatan umum perbankan. Bank memulai aktivitas perbankan secara komersial pada tanggal 1 November 1956 berdasarkan Surat Keputusan Menteri Keuangan Republik Indonesia No. 203443/U.M.II tanggal 15 Oktober 1956 tentang Pemberian Izin Usaha PT Bank Buana Indonesia berkedudukan di Jakarta sebagaimana telah diubah terakhir dengan Surat Keputusan Gubernur Bank Indonesia No. 12/45/KEP.GBI/2010 tanggal 10 Juni 2010, dinyatakan tetap berlaku bagi PT Bank UOB Buana.

Based on Article 3 of the Bank’s Articles of Association, the scope of Bank’s business is to engage in general banking activities. Bank's commercial banking activities begin on 1 November 1956 based on the Decision Letter No. 203443/U.M.II dated October 15, 1956 of the Ministry of Finance of the Republic of Indonesia about Granting Business License of PT Bank Buana Indonesia located in Jakarta, as the latest amendment by the Decision Letter of the Governor of Bank Indonesia No. 12/45/KEP.GBI/2010 dated June 10, 2010, shall remain in force for PT Bank UOB Buana.

Pada tahun 2000, Perseroan mengubah status Perseroan menjadi perusahaan terbuka dengan melakukan penawaran umum perdana kepada masyarakat sebanyak 194.000.000 saham. Perubahan status Perseroan menjadi perusahaan terbuka telah disetujui oleh Bapepam-LK berdasarkan Surat Ketua Badan Pengawas Pasar Modal No. S-1544/PM/2000, tanggal 27 Juni 2000.

In 2000, the Company changed the status of the Company into a public company with an initial public offering as many as 194 million shares to the public. Change the status of the Company became a public company has been approved by Bapepam-LK based on Letter from the Chairman of the Capital Market Supervisory Board No. S-1544/PM/2000, dated June 27, 2000.

Pada tahun 2008, Perseroan mengubah status Perseroan dari perusahaan terbuka menjadi perusahaan tertutup dan menghapuskan pencatatan (delisting) saham Perseroan di Bursa Efek Indonesia (BEI). Penghapusan pencatatan (delisting) saham Perseroan di BEI juga telah mendapatkan persetujuan dari BEI berdasarkan Surat Persetujuan Delisting No. S-06047/BEI.PSJ/11-2008 tanggal 19 November 2008.

In 2008, the Company changed the status of the Company from a public company into a private company and eliminate the listing (delisting) shares of the Company on the Stock Exchange. Delisting the Company's shares on the Stock Exchange has also received approval from the Stock Exchange Delisting Letter Agreement No.S-06047/BEI.PSJ/11-2008 dated November 19, 2008.

10





Umum (lanjutan) a.

Pendirian (lanjutan)

Bank

1. dan

Informasi

Umum

General (continued) a.

Establishment of the Bank and General Information (continued)

Pada tanggal 30 Juni 2010, Perseroan (yang pada saat itu bernama PT Bank UOB Buana) secara efektif menerima penggabungan usaha PT Bank UOB Indonesia dan telah memperoleh persetujuan dari BI berdasarkan Surat Keputusan Gubernur BI No. 12/45/KEP.GBI/2010 tanggal 10 Juni 2010 tentang Pemberian Izin Penggabungan Usaha (Merger) PT Bank UOB Indonesia ke dalam PT Bank UOB Buana. Izin tersebut tetap berlaku sebagai izin usaha Perseroan sebagai perusahaan hasil penggabungan.

On June 30, 2010, the Company (which at the time was known as PT Bank UOB Buana) to effectively accept the merger of PT Bank UOB Indonesia and has obtained approval from the Central Bank by virtue of Decree No. BI governor. No. 12/45/KEP.GBI/2010 dated June 10, 2010 on the Granting Permit Merger (Merger) PT Bank UOB Indonesia into PT Bank UOB Buana. The permit remains valid as company business license as a result of the merger of the Company.

Pada tanggal 18 Januari 2011 dilaksanakan Rapat Umum Pemegang Saham Luar Biasa (RUPSLB) Bank, yang telah diaktakan dalam Akta Notaris Fathiah Helmi, S.H., No. 24 pada tanggal yang sama, pemegang saham menyetujui perubahan nama entitas menjadi PT Bank UOB Indonesia. Akta ini telah mendapat persetujuan dari Menteri Hukum dan Hak Asasi Manusia Republik Indonesia sebagaimana tercantum dalam surat No. AHU16400.AH.01.02 yang berlaku efektif tanggal 31 Maret 2011.

On January 18, 2011, the Shareholders of the Bank through the Shareholders Extraordinary General Meeting (EGM) as notarized by Notarial Deed No. 24 of Fathiah Helmi, S.H., on the same date, approved the changes of entity name become PT Bank UOB Indonesia.This notarial deed had been approved by the Minister of Law and Human Rights of the Republic of Indonesia as set forth in letter No. AHU-16400.AH.01.12 which became effective on March 31, 2011.

Pada bulan Mei 2011, perubahan nama tersebut telah memperoleh persetujuan dari BI berdasarkan Surat Keputusan Gubernur BI No. 13/34/KEP.GBI/2011 tanggal 19 Mei 2011 tentang Perubahan Penggunaan Izin Usaha Atas Nama PT Bank UOB Buana Menjadi Izin Usaha Atas Nama PT Bank UOB Indonesia. Selain perizinan tersebut, Bank juga telah memperoleh izin untuk menjalankan aktivitas sebagai bank devisa berdasarkan Surat Keputusan Gubernur BI No. 9/39/KEP/DIR/UD tanggal 22 Juli 1976.

In May 2011, the change of name has obtained approval from the Central Bank by virtue of Decree No. BI governor. 13/34/KEP.GBI/2011 dated May 19, 2011 on Business Permit Use Change on Behalf of PT Bank UOB Buana Being a Business License Under Name of PT Bank UOB Indonesia. In addition to the license, the Bank also obtained a license to run the activities as a foreign banks based on Decree No. BI governor. 9/39/KEP/DIR/UD dated July 22, 1976.

Anggaran Dasar Bank telah mengalami beberapa kali perubahan, terakhir dengan Akta Notaris Fathiah Helmi, S.H., No. 68 tanggal 25 Mei 2012, untuk merubah pasal 12 Anggaran Dasar Bank. Perubahan Anggaran Dasar Bank tersebut telah diterima dan dicatat oleh Kementerian Hukum dan Hak Asasi Manusia Republik Indonesia sebagaimana tercantum dalam Surat No. AHU-AH.01.1045670 tanggal 26 Desember 2012.

The Bank’s Articles of Association has been amended several times, the latest by Notarial Deed No. 68 dated May 25, 2012 of Fathiah Helmi, S.H., to amend article 12 of the Bank’s Articles of Association. This amendment of the Bank’s Articles of Association was received and recorded by the Ministry of Law and Human Rights of the Republic of Indonesia as stated in the Letter No. AHU-AH.01.10-45670 dated December 26, 2012.


11




Umum (lanjutan) a.

b.

Pendirian (lanjutan)

Bank

1. dan

Informasi

Umum

General (continued) a.

Establishment of the Bank and General Information (continued)

Kantor pusat Bank berlokasi di Jl. M.H. Thamrin No. 10, Jakarta. Pada tanggal 31 Desember 2013, Bank memiliki 41 kantor cabang, 168 kantor cabang pembantu dan 189 ATM, yang seluruhnya berlokasi di Indonesia.

The Bank’s head office is located at M.H. Thamrin No. 10, Jakarta. As of December 31, 2013, the Bank has 41 branches, 168 sub-branches and 189 ATM, which are all located in Indonesia.

Bank dimiliki sebesar 68,943% oleh UOB International Investment Private Limited (UOBII), anak perusahaan dari United Overseas Bank Limited (UOB), Singapura dan sebesar 30,056% oleh UOB (Catatan 23).

The Bank is 68.943% owned by UOB International Investment Private Limited (UOBII), a subsidiary of United Overseas Bank Limited (UOB), Singapore and 30.056% owned by UOB (Note 23).

Dewan Komisaris, Direksi dan Karyawan

b.

Susunan Dewan Komisaris pada tanggal 31 Desember 2013, 2012 dan 2011 adalah sebagai berikut:

Board of Commissioners, Directors and Employees The composition of the Bank’s Board of Commissioners as of December 31, 2013, 2012 and 2011 are as follows:

Dewan Komisaris/ Board of Commissioners Komisaris Utama Wakil Komisaris Utama Komisaris Komisaris Independen Komisaris Independen Komisaris Independen

: : : : : :

Wee Cho Yaw Wee Ee Cheong Lee Chin Yong Francis Rusdy Daryono Wayan Alit Antara Aswin Wirjadi

: : : : : :

President Commissioner Vice President Commissioner Commissioner Independent Commissioner Independent Commissioner Independent Commissioner

: : :

President Director Deputy President Director Deputy President Director

: :

Finance and Corporate Service Director Credit Approval and Special Asset Management (SAM) Director Compliance Director

: : :

President Director Deputy President Director Deputy President Director

: :

Finance and Corporate Service Director Credit Approval and Special Asset Management (SAM) Director Compliance Director

2013 Direksi/ Board of Directors Direktur Utama : Wakil Direktur Utama : Wakil Direktur Utama : Direktur Keuangan dan Pelayanan Korporasi : Direktur Penyetujuan Kredit dan Special Asset Management (SAM) : Direktur Kepatuhan :

Armand Bachtiar Arief Tan Chin Poh Iwan Satawidinata Safrullah Hadi Saleh Ajeep Rassidi Bin Othman Soehadie Tansol 2012 Direksi/ Board of Directors

Direktur Utama : Wakil Direktur Utama : Wakil Direktur Utama : Direktur Keuangan dan Pelayanan Korporasi : Direktur Penyetujuan Kredit dan Special Asset Management (SAM) : Direktur Kepatuhan : * ** *** ****

Armand Bachtiar Arief Wang Lian Khee* Iwan Satawidinata Safrullah Hadi Saleh Ajeep Rassidi Bin Othman Soehadie Tansol

telah mengunduran diri pada tanggal 31 Desember 2012 /resigned in December 31, 2012. kedudukan berubah menjadi Kepala Sumber Daya Manusia/position changed to Head of Human Resources. kedudukan berubah menjadi Kepala Teknologi dan Operasional/position changed to Head of Technology and Operations. telah mengunduran diri pada tanggal 25 Juni 2012 /resigned in June 25, 2012.

12





Umum (lanjutan) b.

1.

Dewan Komisaris, Direksi dan Karyawan (lanjutan)

General (continued) b.

Board of Commissioners, Directors and Employees (continued) The composition of the Bank’s Board of Directors as of December 31, 2013, 2012 and 2011 are as follows: (continued)

Susunan Direksi Bank pada tanggal 31 Desember 2013, 2012 dan 2011 adalah sebagai berikut: (lanjutan) 2011 Direksi/ Board of Directors Direktur Utama : Wakil Direktur Utama : Wakil Direktur Utama : Direktur Sumber Daya Manusia : Direktur Keuangan dan Pelayanan Korporasi : Direktur Teknologi dan Operasional : Direktur Penyetujuan Kredit dan Special Asset Management (SAM) : Direktur Pelayanan Keuangan Personal : Direktur Kepatuhan :

Armand Bachtiar Arief Wang Lian Khee Iwan Satawidinata Pardi Kendy**

: : : :

Safrullah Hadi Saleh Goh Seng Huat***

:

Ajeep Rassidi Bin Othman Suhaimin Djohan**** Soehadie Tansol

: : :

President Director Deputy President Director Deputy President Director Human Resources Director Finance and Corporate Service Director Technology and Operations Director Credit Approval and Special Asset Management (SAM) Director Personal Financial Services Director Compliance Director

Susunan Dewan Komisaris dan Direksi pada tanggal 31 Desember 2013, 2012 dan 2011 tersebut telah memperoleh persetujuan dari Bank Indonesia.

The members of the Boards of Commissioners and Directors as of December 31, 2013, 2012 and 2011 were approved by Bank Indonesia.

Susunan Komite Audit Bank pada tanggal 31 Desember 2013, 2012 dan 2011 adalah sebagai berikut:

The composition of the Bank’s Audit Committee as of December 31, 2013, 2012 and 2011 is as follows:

Komite Audit/ Audit Committee Ketua Komite Audit Anggota Anggota

: : :

Rusdy Daryono Thomas Abdon Winny Widya

: : :

Head of Audit Committee Member Member

Pada tanggal 4 April 2012, berdasarkan Surat Keputusan Direksi PT Bank UOB Indonesia No. 12/SKDIR/0401, Bank mengesahkan jabatan Kepala Sekretaris Perusahaan. Per tanggal 31 Desember 2013 dan 2012, Kepala Sekretaris Perusahaan Bank adalah Lina berdasarkan Surat Keputusan Direksi PT Bank UOB Indonesia No. 12/SKDIR/0438 tanggal 4 April 2012.

On April 4, 2012, based on the Board of Directors PT Bank UOB Indonesia Decree No. 12/SKDIR/0401, Bank ratify Head Corporate Secretary. As of December 31, 2013 and 2012, Head of Corporate Secretary of the Bank is Lina based on the Board of Directors PT Bank UOB Indonesia Decree No. 12/SKDIR/0438 dated April 4, 2012.

Per tanggal 31 Desember 2013, 2012 dan 2011, Kepala Satuan Kerja Audit Intern (Kepala SKAI) adalah Ridwan Moezwir berdasarkan Surat Keputusan Direksi PT Bank UOB Buana Tbk No. 08/SKDIR/1326 tanggal 12 Agustus 2008.

As of December 31, 2013, 2012 and 2011, Internal Audit Unit Head is Ridwan Moezwir based on the Board of Directors PT Bank UOB Buana Tbk Decree No. 08/SKDIR/1326 dated August 12, 2008.

* ** *** ****

telah mengunduran diri pada tanggal 31 Desember 2012 /resigned in December 31, 2012. kedudukan berubah menjadi Kepala Sumber Daya Manusia/position changed to Head of Human Resources. kedudukan berubah menjadi Kepala Teknologi dan Operasional/position changed to Head of Technology and Operations. telah mengunduran diri pada tanggal 25 Juni 2012 /resigned in June 25, 2012.


13




Umum (lanjutan) b.

2.

1.

Dewan Komisaris, Direksi dan Karyawan (lanjutan)

General (continued) b.

Board of Commissioners, Directors and Employees (continued)

Manfaat jangka pendek yang diterima oleh Dewan Komisaris dan Direksi Bank untuk tahun yang berakhir pada tanggal 31 Desember 2013, 2012 dan 2011 masingmasing sebesar Rp14.379, Rp25.500 dan Rp28.662.

Short term benefits received by Bank’s Board of Commissioners and Directors for December 31, 2013, 2012 and 2011 amounting to Rp14,379, Rp25,500 dan Rp28,662, respectively.

Manfaat jangka panjang yang diterima oleh Dewan Komisaris dan Direksi Bank untuk tahun yang berakhir pada tanggal 31 Desember 2013, 2012 dan 2011 masingmasing sebesar Rp14.542, Rp7.676 dan Rp11.275.

Long term benefits received by Bank’s Board of Commissioners and Directors for December 31, 2013, 2012 and 2011 amounting to Rp14,542, Rp7,676 dan Rp11,275, respectively.

Pada tanggal 31 Desember 2013, 2012 dan 2011, total karyawan masing-masing sebanyak 5.317, 5.314 orang dan 5.301 orang (tidak diaudit).

As of December 31, 2013, 2012 and 2011, the Bank has 5,317, 5,314 and 5,301 employees (unaudited), respectively.

Ikhtisar Kebijakan Akuntansi Penting

2.

Summary of Significant Accounting Policies

Kebijakan-kebijakan akuntansi yang penting, yang diterapkan dalam penyusunan laporan keuangan untuk tahun 2013, 2012 dan 2011 adalah sebagai berikut:

The significant accounting policies applied in the preparation of the financial statements for the year 2013, 2012 and 2011, are as follows:

a.

a.

Dasar Penyajian Laporan Keuangan

Basis of Preparation of the Financial Statements

Laporan keuangan telah disusun dan disajikan sesuai dengan Standar Akuntansi Keuangan (SAK) di Indonesia yang dikeluarkan oleh Dewan Standar Akuntansi Keuangan Ikatan Akuntan Indonesia (DSAK-IAI). Seperti diungkapkan dalam Catatan-catatan terkait di bawah ini, beberapa standar akuntansi yang telah direvisi dan, diterapkan efektif tanggal 1 Januari 2013.

The financial statements have been prepared and disclosed in accordance with the Indonesian Financial Accounting Standards (FAS) issued by the Financial Accounting Standards Board of the Indonesian Institute of Accountants (DSAK-IAI). As disclosed further in the relevant succeeding notes, several amended accounting standards were adopted effective January 1, 2013.

Laporan keuangan kecuali laporan arus kas, disusun dengan dasar akrual dan berdasarkan konsep biaya historis, kecuali beberapa akun tertentu yang disusun berdasarkan pengukuran lain sebagaimana diuraikan dalam kebijakan akuntansi masing-masing akun tersebut.

The financial statements, except for the statements of cash flows, are prepared using the accrual basis and based on historical cost concept, except for certain accounts which are measured on the bases described in the related accounting policies for those accounts.

14





Ikhtisar Kebijakan Akuntansi Penting (lanjutan) a.

Dasar Penyajian (lanjutan)

Keuangan

Summary of Significant Accounting Policies (continued) a.

Basis of Preparation of the Financial Statements (continued)

Laporan arus kas disusun menggunakan metode langsung yang dimodifikasi dan arus kas dikelompokkan atas dasar aktivitas operasi, investasi dan pendanaan. Kas dan setara kas terdiri dari kas, giro pada Bank Indonesia dan giro pada bank lain, penempatan pada Bank Indonesia dan bank lain dan Sertifikat Bank Indonesia, yang jatuh tempo dalam waktu 3 (tiga) bulan sejak tanggal perolehan, sepanjang tidak digunakan sebagai jaminan atas pinjaman yang diterima serta tidak dibatasi penggunaannya.

The statement of cash flows have been prepared using the modified direct method and the cash flows have been classified on the basis of operating, investing and financing activities. Cash and cash equivalents consists of cash, current accounts with Bank Indonesia and current accounts with other banks, placements with Bank Indonesia and other banks and Bank Indonesia Certificates maturing within 3 (three) months or less from the acquisition date provided they are not used as collateral for borrowings nor restricted.

Dalam penyusunan laporan keuangan sesuai dengan Standar Akuntansi Keuangan di Indonesia, dibutuhkan estimasi dan asumsi yang mempengaruhi:

The preparation of financial statements in conformity with Indonesian Financial Accounting Standards requires the use of estimates and assumptions that affect:

·

·

b.

Laporan

2.

nilai aset dan liabilitas yang dilaporkan, dan pengungkapan atas aset dan liabilitas kontinjensi pada tanggal laporan keuangan. jumlah pendapatan dan beban selama periode pelaporan.

·

·

the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of financial statements. the reported amounts of revenues and expenses during the reporting period.

Walaupun estimasi ini dibuat berdasarkan pengetahuan terbaik Manajemen atas kejadian dan tindakan saat ini, hasil akhir mungkin berbeda dengan jumlah yang diestimasi semula.

Although these estimates are based on Management’s best knowledge of current events and activities, actual results may differ from those estimates.

Mata uang pelaporan yang digunakan dalam laporan keuangan adalah mata uang Rupiah. Seluruh angka dalam laporan keuangan ini, kecuali dinyatakan secara khusus, dibulatkan menjadi jutaan Rupiah.

The reporting currency used in the financial statement is Indonesian Rupiah. Figures in the financial statements are rounded to and stated in millions of Rupiah unless otherwise stated.

Transaksi dengan Pihak Berelasi

b.

Transactions with Related Parties

Dalam menjalankan usahanya, Bank melakukan transaksi dengan pihak-pihak berelasi seperti yang didefinisikan dalam PSAK No. 7 (Revisi 2010) tentang “Pengungkapan Pihak-pihak Berelasi”.

In the normal course of its business, the Bank enters into transactions with related parties which are defined under PSAK No. 7 (Revised 2010), “Related Party Disclosures”.

Seluruh transaksi yang signifikan dengan pihak berelasi telah diungkapkan dalam catatan atas laporan keuangan.

All significant transactions with related parties are disclosed in the notes to the financial statements.


15




Ikhtisar Kebijakan Akuntansi Penting (lanjutan) b.

2.

Transaksi dengan Pihak Berelasi (lanjutan)

Summary of Significant Accounting Policies (continued) b.

Transactions (continued)

with

Related

Parties

Pihak berelasi adalah orang atau entitas yang terkait dengan entitas yang menyiapkan laporan keuangannya (entitas pelapor). Yang termasuk pihak berelasi adalah sebagai berikut:

A related party is a person or entity that is related to the entity that is preparing its financial statements (in this Standard referred to as the ‘reporting entity’). The related parties are as follows:

1.

Orang atau anggota keluarga terdekat mempunyai relasi dengan entitas pelapor jika orang tersebut: a. Memiliki pengendalian atau pengendalian bersama atas entitas pelapor; b. Memiliki pengaruh signifikan atas entitas pelapor; atau c. Merupakan personil manajemen kunci entitas pelapor atau entitas induk pelapor.

1.

Suatu entitas berelasi dengan entitas pelapor jika memenuhi salah satu hal sebagai berikut: a. Entitas dan entitas pelapor adalah anggota dari kelompok usaha yang sama (artinya entitas induk, entitas anak, dan entitas anak berikutnya terkait dengan entitas lain); b. Suatu entitas adalah entitas asosiasi atau ventura bersama dari entitas lain (atau entitas asosiasi atau ventura bersama yang merupakan anggota suatu kelompok usaha, yang mana entitas lain adalah anggotanya); c. Kedua entitas tersebut adalah ventura bersama dari pihak ketiga yang sama; d. Suatu entitas adalah ventura bersama dari entitas ketiga dan entitas yang lain adalah entitas asosiasi dari entitas ketiga; e. Entitas tersebut adalah sebuah program imbalan pascakerja untuk imbalan kerja dari salah satu entitas pelapor atau entitas yang terkait dengan entitas pelapor; f. Entitas yang dikendalikan atau dikendalikan bersama oleh orang yang diidentifikasi sebagaimana dimaksud dalam angka 1; atau g. Orang yang diidentifikasi sebagaimana dimaksud dalam angka 1) huruf a) memiliki pengaruh signifikan atas entitas atau merupakan manajemen kunci entitas (atau entitas induk dari entitas).

2.

2.

A person or a close member of that person’s family is related to a reporting entity if that preson: a. Has control or joint control of the reporting entity ; b. c.

An entity is related to a reporting entity if any of the following condition applies: a.

b.

The entity and the reporting entity are members of the same group (which means that each parent, subsidiary and fellow subsidiary is related to the others); One entity is an associate or joint venture of the other entity (or an associate or joint venture of a member of a group of which the other entity is a member);

c.

Both entities are joint ventures of the same third party;

d.

One entity is a joint venture of a third party and the other entity is an associate of the third entity;

e.

The entity is a post-employment benefit plan for the benefit employees of either the reporting entity or an entity related to the reporting entity; The entity is controlled or jointly controlled by a person identified in (1); or

f.

g.

16

Has significant influence over the reporting entity, or Is a member of the key management personnel of the reporting entity or of a parent od the reporting entity

A person identified in (1) (a) has significant influence over the entity or is a member of the key management personnel of the entity (or of a parent of the entity). PT BANK UOB INDONESIA Annual Report 2013 | 129




Ikhtisar Kebijakan Akuntansi Penting (lanjutan) c.

2.

Aset dan Liabilitas Keuangan

Summary of Significant Accounting Policies (continued) c.

Financial Assets and Liabilities

Efektif tanggal 1 Januari 2012, Bank menerapkan PSAK No. 50 (Revisi 2010), “Instrumen Keuangan: Penyajian”, PSAK No. 55 (Revisi 2011), “Instrumen Keuangan: Pengakuan dan Pengukuran”, dan PSAK No. 60, “Instrumen Keuangan: Pengungkapan”, menggantikan PSAK No. 50 (Revisi 2006), “Instrumen Keuangan: Penyajian dan Pengungkapan”, dan PSAK No. 55 (Revisi 2006), “Instrumen Keuangan: Pengakuan dan Pengukuran”.

Effective January 1, 2012, the Bank adopted PSAK No. 50 (Revised 2010), “Financial Instruments: Presentation”, PSAK No. 55 (Revised 2011), “Financial Instruments: Recognition and Measurement”, and PSAK No. 60, “Financial Instruments: Disclosures”, which superseded PSAK No. 50 (Revised 2006), “Financial Instruments: Presentation and Disclosures”, and PSAK No. 55 (Revised 2006), “Financial Instruments: Recognition and Measurement”.

PSAK No. 50 (Revisi 2010), mengatur persyaratan penyajian dari instrumen keuangan dan identifikasi informasi yang harus diungkapkan. Persyaratan penyajian tersebut diterapkan terhadap klasifikasi instrumen keuangan, dari perspektif penerbit, dalam aset keuangan, liabilitas keuangan dan instrumen ekuitas; klasifikasi yang terkait dengan suku bunga, dividen, kerugian dan keuntungan, dan keadaan dimana aset dan liabilitas keuangan harus saling hapus. PSAK ini mensyaratkan pengungkapan, antara lain, informasi mengenai faktor yang mempengaruhi jumlah, waktu dan tingkat kepastian arus kas masa depan suatu entitas terkait dengan instrumen keuangan dan kebijakan akuntansi yang diterapkan untuk instrumen tersebut.

PSAK No. 50 (Revised 2010) contains the requirements for the presentation of financial instruments and identifies the information that should be disclosed. The presentation requirements apply to the classification of financial instruments, from the prespective of the issuer into financial assets, financial liabilities and equity instruments; the classification of related interest, dividends, losses and gains, and the circumstances in which financial assets and liabilities should be offset. This PSAK requires the disclosure of, among others, information about factors that affect the amount, timing and certainty of an entity’s future cash flows relating to financial instruments and the accounting policies applied to those instruments.

PSAK No. 55 (Revisi 2011) menetapkan prinsip untuk pengakuan dan pengukuran aset keuangan, liabilitas keuangan dan kontrak pembelian atau penjualan item-item nonkeuangan. PSAK ini merumuskan definisi dan karakteristik derivatif, kategori dari masingmasing instrumen keuangan, pengakuan dan pengukuran, akuntansi lindung nilai dan penetapan hubungan lindung nilai.

PSAK No. 55 (Revised 2011) establishes the principles for recognizing and measuring financial assets, financial liabilities and some contracts to buy or sell non-financial items. This PSAK provides the definitions and characteristics of derivatives, the categories of financial instruments, recognition and measurement, hedge accounting and determination of hedging relationships.

PSAK No. 60 mensyaratkan pengungkapan signifikansi masing-masing instrumen keuangan terhadap posisi dan kinerja keuangan, serta sifat dan tingkat risiko dari instrumen keuangan yang dihadapi Bank selama periode berjalan dan pada akhir periode pelaporan, dan bagaimana Bank mengelola risiko tersebut.

PSAK No. 60 requires disclosures of significance of financial instruments for financial position and performance; and the nature and extent of risks from financial instruments to which the Bank is exposed during the period and at the end of the reporting period, and how the Bank manages those risks.

Penerapan PSAK baru dan yang telah direvisi ini memiliki dampak signifikan terhadap pengungkapan dalam laporan keuangan.

The adoption of these new and revised PSAK have significant impact on disclosures in the financial statement.


17





2.

Aset dan Liabilitas Keuangan (lanjutan)


Financial Assets (continued)

and

Liabilities

Aset keuangan diklasifikasikan sebagai aset keuangan yang diukur pada nilai wajar melalui laporan laba rugi, pinjaman yang diberikan dan piutang, aset keuangan dimiliki hingga jatuh tempo dan aset keuangan tersedia untuk dijual. Bank menentukan klasifikasi atas aset keuangan pada saat pengakuan awal.

Financial assets are classified as financial assets at fair value through profit or loss, loans and receivables, held-to-maturity financial assets and available-for-sale financial assets. The Bank determines the classification of its financial assets at initial recognition.

Liabilitas keuangan diklasifikasikan sebagai liabilitas keuangan diukur berdasarkan biaya perolehan diamortisasi dan liabilitas keuangan yang diukur pada nilai wajar melalui laporan laba rugi.

Financial liabilities classified as financial liabilities are measured at amortized cost and financial liabilities at fair value through profit or loss.

Pengakuan dan Pengukuran

Recognition and Measurement

Klasifikasi instrumen keuangan pada pengakuan awal tergantung pada tujuan dan intensi manajemen serta karakteristik dari instrumen keuangan tersebut. Semua instrumen keuangan pada saat pengakuan awal diukur sebesar nilai wajarnya.

The classification of financial instruments at initial recognition depends on the purpose and the management's intention for which the financial instruments were acquired and their characteristics. All financial instruments are measured initially at their fair value.

Pengukuran aset keuangan dan liabilitas keuangan setelah pengakuan awal tergantung pada klasifikasi aset keuangan dan liabilitas keuangan tersebut.

The subsequent measurement of financial assets and liabilities depends on their classification.

Klasifikasi instrumen keuangan pada pengakuan awal tergantung pada tujuan dan intensi manajemen serta karakteristik dari instrumen keuangan tersebut. Semua instrumen keuangan pada saat pengakuan awal diukur sebesar nilai wajarnya. Dalam hal aset keuangan atau liabilitas keuangan tidak diukur pada nilai wajar melalui laporan laba rugi, nilai wajar tersebut ditambah biaya transaksi yang dapat diatribusikan secara langsung dengan perolehan atau penerbitan aset keuangan atau liabilitas keuangan tersebut.

The classification of financial instruments at initial recognition depends on the purpose and management's intention for which the financial instruments were acquired and their characteristics. All financial instruments are measured initially at their fair value. In the case that financial assets or liabilities are not designated at fair value through profit or loss, the fair value should be added with attributable transaction costs directly from acquisition or issuance of financial assets or liabilities.

Aset keuangan yang diukur pada nilai wajar melalui laba rugi adalah aset yang diperoleh Bank atau dimiliki terutama untuk tujuan dijual atau dibeli kembali dalam waktu dekat, atau jika merupakan bagian dari portofolio instrumen keuangan tertentu yang dikelola bersama dan terdapat bukti mengenai pola ambil untung dalam jangka pendek (short term profit taking), atau merupakan derivatif (kecuali derivatif yang ditetapkan dan efektif sebagai instrumen lindung nilai).

Financial assets measured at fair value through profit or loss are those assets that the Bank acquires or incurs principally for the purpose of selling or repurchasing in the near term, or it is part of a portfolio of identified financial instruments that are managed together and for which there is evidence of a recent actual pattern of short term profit taking, or derivatives (unless they are designated as and effective hedging instruments).

18






2.




and

Liabilities

Pengakuan dan Pengukuran (lanjutan)

Recognition and Measurement (continued)

Pengukuran aset keuangan dan liabilitas keuangan setelah pengakuan awal tergantung pada klasifikasi aset keuangan dan liabilitas keuangan tersebut.

The subsequent measurement of financial assets and liabilities depends on their classification.

Aset Keuangan

Financial Assets

a) Aset keuangan yang diukur pada nilai wajar melalui laporan laba rugi

a)

Financial assets designated at fair value through profit or loss

Aset keuangan yang diukur pada nilai wajar melalui laporan laba rugi terdiri dari aset keuangan yang diklasifikasikan sebagai dimiliki untuk diperdagangkan dan aset keuangan yang pada saat pengakuan awal telah ditetapkan manajemen untuk diukur pada nilai wajar melalui laporan laba rugi.

Financial assets designated at fair value through profit or loss comprises of financial assets classified as held for trading, and financial assets designated by management as at fair value through profit or loss upon initial recognition.

Aset keuangan yang diklasifikasikan dalam kelompok dimiliki untuk diperdagangkan jika dimiliki terutama untuk tujuan dijual atau dibeli kembali dalam waktu dekat, atau jika merupakan bagian dari portofolio instrumen keuangan tertentu yang dikelola bersama dan terdapat bukti mengenai pola ambil untung dalam jangka pendek (short term profit taking), atau merupakan derivatif (kecuali derivatif yang ditetapkan dan efektif sebagai instrumen lindung nilai).

Financial assets are classified as held for trading if it is acquired or incurred principally for the purpose of selling or repurchasing in the near term, or it is part of a portfolio of identified financial instruments that are managed together and for which there is evidence of a recent actual pattern of short term profit taking, or derivatives (unless they are designated and effective as hedging instruments).

Setelah pengukuran awal, aset keuangan yang dikelompokkan dalam kategori ini diukur sebesar nilai wajarnya, keuntungan atau kerugian yang belum direalisasi akibat perubahan nilai wajar instrumen keuangan tersebut diakui dalam laporan laba rugi komprehensif sebagai “Keuntungan yang telah direalisasi dan belum direalisasi atas efek-efek yang dijual dan perubahan nilai wajar efek-efek yang diperdagangkan - neto”.

After initial recognition, the financial assets included in this category are measured at fair value, the unrealized gains or losses resulting from changes in fair value are recognized in the statements of comprehensive income as “Realized and unrealized gain on securities sold and from changes in fair value of trading securities - net”.


19





2.




and

Aset Keuangan (lanjutan)


b) Aset keuangan tersedia untuk dijual

b)

Aset keuangan tersedia untuk dijual adalah aset keuangan non-derivatif yang tidak diklasifikasikan sebagai dimiliki untuk diperdagangkan atau ditetapkan pada nilai wajar melalui laporan laba rugi. Setelah pengukuran awal, instrumen keuangan tersedia untuk dijual selanjutnya diukur sebesar nilai wajar. Keuntungan dan kerugian yang belum direalisasi diakui sebagai pendapatan komprehensif lainnya (sebagai “Keuntungan (kerugian) yang belum direalisasi atas efek-efek yang tersedia untuk dijual - neto”).

Liabilities

Available-for-sale financial assets Available-for-sale financial assets are non-derivative financial assets that are neither classified as held-for-trading nor designated as at fair value through profit or loss. After initial measurement, available-for-sale financial instruments are subsequently measured at fair value. Unrealized gains and losses are recognized as other comprehensive income (as "Unrealized gain (loss) on available-for-sale securities - net").

c)

c) Aset keuangan yang dimiliki hingga jatuh tempo

Held-to-maturity financial assets

Aset keuangan yang dimiliki hingga jatuh tempo adalah aset keuangan non-derivatif dengan pembayaran tetap atau telah ditentukan dan jatuh temponya telah ditetapkan, dimana Bank mempunyai intensi positif dan kemampuan untuk memiliki aset keuangan tersebut hingga jatuh tempo.

Held-to-maturity financial assets are non-derivative financial assets with fixed or determinable payments and fixed maturities, which the Bank has positive intention and ability to hold the financial assets to maturity.

Setelah pengakuan awal, aset keuangan yang dimiliki hingga jatuh tempo diukur pada biaya perolehan diamortisasi dengan menggunakan metode Suku Bunga Efektif (EIR), dikurangi dengan penurunan nilai. Biaya perolehan diamortisasi dengan memperhitungkan diskonto atau premi pada awal akuisisi dan fee/biaya sebagai bagian yang tidak terpisahkan dari EIR. Amortisasi dan kerugian yang timbul dari penurunan nilai diakui dalam laporan laba rugi komprehensif.

After initial measurement, held-tomaturity financial assets are measured at amortized cost using the Effective Interest Rate (EIR) method, less impairment. Amortized cost is calculated by taking into account any discount or premium on acquisition and fees/costs that are an integral part of the EIR. The amortization and the losses arising from impairment of such investments are recognized in the statements of comprehensive income.

20






2.




and

Aset Keuangan (lanjutan)


d) Pinjaman yang diberikan dan piutang

d)

Liabilities

Loans and receivables

Pinjaman yang diberikan dan piutang adalah aset keuangan non-derivatif dengan pembayaran tetap atau telah ditentukan yang tidak dikuotasikan pada pasar aktif, kecuali:

Loans and receivables are nonderivative financial assets with fixed or determinable payments that are not quoted in active markets, other than:

-

Aset dimana Bank mempunyai intensi untuk menjual segera atau dalam waktu dekat dan pinjaman yang diberikan dan piutang yang diukur Bank pada nilai wajar melalui laporan laba rugi pada saat awal pengakuan;

-

Those that the Bank intends to sell immediately or in the near term and loans and receivables that the Bank upon initial recognition designates as at fair value through profit or loss;

-

Aset dimana Bank pada awal pengakuan dimaksudkan sebagai tersedia untuk dijual; atau

-

Those that the Bank, upon initial recognition, designated as available-for-sale; or

-

Aset dimana Bank mungkin tidak akan mendapat pemulihan secara substansial atas investasi awalnya, selain karena penurunan kualitas pinjaman aset keuangan.

-

Those for which the Bank may not recover substantially all of its initial investment, other than because of credit deterioration.

After initial measurements, loans and receivables are subsequently measured at amortized cost using the EIR, less allowance for impairment. Amortized cost is calculated by taking into account any discount or premium on acquisition and fees and costs that are an integral part of the EIR. The EIR amortization and losses arising from impairment is included in the statements of comprehensive income.

Setelah pengukuran awal, pinjaman yang diberikan dan piutang selanjutnya diukur pada biaya perolehan diamortisasi dengan menggunakan EIR dikurangi dengan penurunan nilai. Biaya perolehan diamortisasi dengan memperhitungkan diskonto atau premi terkait dengan pengakuan awal serta fee dan biaya yang merupakan bagian yang tidak terpisahkan dari suku bunga efektif. Amortisasi suku bunga efektif dan kerugian yang timbul atas penurunan nilai diakui dalam laporan laba rugi komprehensif. Liabilitas Keuangan

Financial Liabilities

a) Liabilitas keuangan yang diukur pada nilai wajar melalui laporan laba rugi

a)

Financial liabilities at fair value through profit or loss consist of two subcategories; financial liabilities classified as held for trading and financial liabilities designated by the Bank as at fair value through profit or loss upon initial recognition.

Liabilitas keuangan yang diukur pada nilai wajar melalui laporan laba rugi terdiri dari dua sub-kategori, yaitu liabilitas keuangan diklasifikasikan sebagai diperdagangkan dan liabilitas keuangan yang pada saat pengakuan awal telah ditetapkan oleh Bank untuk diukur pada nilai wajar melalui laporan laba rugi.


Financial liabilities designated at fair value through profit or loss

21





2.




and

Liabilitas Keuangan (lanjutan)

Financial Liabilities (continued)

a) Liabilitas keuangan yang diukur pada nilai wajar melalui laporan laba rugi (lanjutan)

a)

Liabilities

Financial liabilities designated at fair value through profit or loss (lanjutan)

Liabilitas keuangan diklasifikasikan sebagai diperdagangkan jika diperoleh terutama untuk tujuan dijual atau dibeli kembali dalam waktu dekat atau jika merupakan portofolio instrumen keuangan tertentu yang dikelola bersama dan terdapat bukti pola ambil untung dalam jangka pendek terkini. Derivatif diklasifikasikan sebagai liabilitas diperdagangkan kecuali ditetapkan dan efektif sebagai instrumen lindung nilai.

A financial liability is classified as held for trading if it is acquired or incurred principally for the purpose of selling or repurchasing it in the near term or if it is part of portfolio of identified financial instrument that are managed together and for which there is evidence of a recent actual pattern of short term profit taking. Derivatives are also categorized as held for trading unless they are designated and effectively as hedging instruments.

Keuntungan dan kerugian yang timbul dari perubahan nilai wajar liabilitas yang diklasifikasikan sebagai diperdagangkan dan yang diukur dari nilai wajar melalui laporan laba rugi dicatat melalui laporan laba rugi komprehensif sebagai “Keuntungan transaksi mata uang asing”.

Gains and losses arising from changes in fair value of financial liabilities classified held for trading and designated at fair value through profit or loss are recorded in the statements of comprehensive income as “Gain from foreign currency transactions”.

b) Liabilitas keuangan yang diukur berdasarkan biaya perolehan diamortisasi

b)

Financial liabilities amortized cost

measured

at

Liabilitas keuangan yang diukur berdasarkan biaya perolehan diamortisasi merupakan liabilitas keuangan dalam klasifikasi tidak diukur pada nilai wajar melalui laporan laba rugi.

Financial liabilities measured at amortized cost were financial liabilities that are not classified as fair value through profit or loss.

Setelah pengakuan awal, Bank mengukur seluruh liabilitas keuangan berdasarkan biaya perolehan yang diamortisasi dengan menggunakan metode suku bunga efektif.

After initial recognition, the Bank measures all financial liabilities at amortized cost using EIR method.

Tabel berikut menyajikan klasifikasi instrumen keuangan Bank berdasarkan karakteristik dari instrumen keuangan tersebut:

The following table presents financial instruments classification of the Bank based on their characteristic:

Instrumen Keuangan dan Klasifikasinya

Financial Instruments Classification

Aset keuangan:

and

its

Financial assets:

Kas Pinjaman yang diberikan dan piutang

Cash Loans and receivable Current accounts with Bank Indonesia Loans and receivable

Giro pada Bank Indonesia Pinjaman yang diberikan dan piutang

22






2.




and

Liabilities

Tabel berikut menyajikan klasifikasi instrumen keuangan Bank berdasarkan karakteristik dari instrumen keuangan tersebut: (lanjutan)

The following table presents financial instruments classification of the Bank based on their characteristic: (continued)

Instrumen Keuangan dan Klasifikasinya (lanjutan)

Financial Instruments Classification (continued)

and

its

Financial assets: (continued)

Aset keuangan: (lanjutan) Giro pada bank lain Pinjaman yang diberikan dan piutang

Current accounts with other bank Loans and receivable

Penempatan pada Bank Indonesia dan bank lain Pinjaman yang diberikan dan piutang

Placements with Bank Indonesia and other banks Loans and receivable Trading Securities Financial assets designated at fair value through profit or loss

Efek-efek yang diperdagangkan Aset keuangan diukur pada nilai wajar melalui laporan laba rugi

Financial investments Held-to-maturity financial assets and available-for-sale financial assets

Investasi keuangan Aset keuangan yang dimiliki hingga jatuh tempo dan aset keuangan tersedia untuk dijual Tagihan derivatif Aset keuangan diukur pada nilai wajar melalui laporan laba rugi

Derivative receivable Financial assets designated at fair value through profit or loss

Kredit yang diberikan Pinjaman yang diberikan dan piutang

Loans Loans and receivable

Tagihan akseptasi Pinjaman yang diberikan dan piutang

Acceptance receivable Loans and receivable

Aset lain-lain Pinjaman yang diberikan dan piutang

Other assets Loans and receivable Financial liabilities:

Liabilitas keuangan: Liabilitas Segera Liabilitas keuangan yang diukur pada biaya perolehan setelah diamortisasi

Current liabilities Financial liabilities measured at amortized cost

Simpanan Liabilitas keuangan yang diukur pada biaya perolehan setelah diamortisasi

Deposits Financial liabilities measured at amortized cost


23





2.




and

Liabilities

Tabel berikut menyajikan klasifikasi instrumen keuangan Bank berdasarkan karakteristik dari instrumen keuangan tersebut: (lanjutan)

The following table presents financial instruments classification of the Bank based on their characteristic: (continued)

Instrumen Keuangan dan Klasifikasinya (lanjutan)

Financial Instruments Classification (continued)

and

its

Financial liabilities: (lanjutan)

Liabilitas keuangan: (lanjutan) Simpanan dari bank lain Liabilitas keuangan yang diukur pada biaya perolehan setelah diamortisasi

Deposit from other Bank Financial liabilities measured at amortized cost

Liabilitas derivatif Liabilitas keuangan diukur pada nilai wajar melalui laporan laba rugi

Derivative payable Financial liabilities at fair value through profit or loss

Liabilitas atas surat berharga yang dijual dengan janji dibeli kembali Liabilitas keuangan yang diukur pada biaya perolehan setelah diamortisasi

Obligation on securities under repurchase agreements Financial liabilities measured at amortized cost

Liabiitas akseptasi Liabilitas keuangan yang diukur pada biaya perolehan setelah diamortisasi

Acceptance liabilities Financial liabilities measured at amortized cost

Liabilitas lain-lain Liabilitas keuangan yang diukur pada biaya perolehan setelah diamortisasi

Other liabilities Financial liabilities measured at amortized cost

Penghentian Pengakuan

Derecognition

Bank menghentikan pengakuan aset keuangan, jika dan hanya jika, hak kontraktual untuk menerima arus kas yang berasal dari aset keuangan tersebut berakhir; atau Bank mentransfer hak untuk menerima arus kas yang berasal dari aset keuangan atau menanggung liabilitas untuk membayarkan arus kas yang diterima tersebut secara penuh tanpa penundaan berarti kepada pihak ketiga di bawah kesepakatan pelepasan (pass through arrangement); dan (a) Bank telah mentransfer secara substansial seluruh risiko dan manfaat atas aset, atau (b) Bank tidak mentransfer atau tidak memiliki secara substansial seluruh risiko dan manfaat atas aset, namun telah mentransfer pengendalian atas aset tersebut.

The Bank derecognizes a financial asset if, and only if, the contractual rights to receive cash flows from the financial asset have expired; or the Bank has transferred its rights to receive cash flows from the financial asset or has assumed an obligation to pay the received cash flows in full without material delay to a third party under a ‘pass through’ arrangement; and either (a) the Bank has transferred substantially all the risks and rewards of the asset, or (b) the Bank has neither transferred nor retained substantially all the risks and rewards of the asset, but has transferred control of the asset.

Liabilitas keuangan dihentikan pengakuannya pada saat liabilitas diselesaikan atau dibatalkan atau berakhir.

A financial liability is derecognized when the obligation under the liability is discharged or cancelled or expires.

24






2.




and

Liabilities

Saling Hapus

Offsetting

Aset keuangan dan liabilitas keuangan saling hapus dan nilai bersihnya dilaporkan di laporan posisi keuangan jika, dan hanya jika, terdapat hak yang berkekuatan hukum yang masih berlaku untuk saling hapus jumlah keduanya dan terdapat intensi untuk diselesaikan secara bersih, atau untuk merealisasikan aset dan menyelesaikan liabilitas secara bersamaan. Pendapatan dan beban disajikan secara bersih hanya jika diperbolehkan oleh standar akuntansi.

Financial assets and liabilities are offset and the net amount are reported in the statements of financial position if, and only if, there is a currently enforceable legal right to offset the recognized amounts and there is an intention to settle on a net basis, or to realize the assets and settle the liabilities simultaneously. Income and expenses are presented on a net basis only when permitted by accounting standards.

Nilai Wajar

Fair Value

Nilai wajar adalah nilai yang digunakan untuk mempertukarkan suatu aset atau untuk menyelesaikan suatu liabilitas antara pihakpihak yang memahami dan berkeinginan untuk melakukan transaksi secara wajar (arm’s length transaction).

Fair value is the value which is used to exchange an asset or to settle a liability between parties who understand and are willing to perform a fair transaction (arm’s length transaction).

Nilai wajar suatu aset atau liabilitas keuangan dapat diukur dengan menggunakan kuotasi di pasar aktif, yaitu jika harga yang dikuotasikan tersedia setiap waktu dan dapat diperoleh secara rutin dan harga tersebut mencerminkan transaksi pasar yang aktual dan rutin dalam suatu transaksi yang wajar.

Fair value of a financial asset or liability can be measured by using the quotation in an active market, that is if the quoted price is available anytime and can be obtained routinely and the price reflects the actual and routine market transaction in a fair transaction.

Dalam hal tidak terdapat pasar aktif untuk suatu aset atau liabilitas keuangan, maka Bank menentukan nilai wajar dengan menggunakan teknik penilaian yang sesuai. Teknik penilaian meliputi penggunaan transaksi pasar terkini yang dilakukan secara wajar oleh pihak yang berkeinginan dan memahami, dan bilamana tersedia, penggunaan analisa arus kas yang didiskonto dan penggunaan nilai wajar terkini dari instrumen lain yang secara substansial sama, dan model penetapan harga opsi.

In case there is no active market for a financial asset or liability, the Bank determines the fair value by using the appropriate valuation techniques. Valuation techniques include the usage of a recent market transaction performed fairly by those who are willing to and understand, and if there is available, the usage of discounted cash flow analysis and the usage of the recent fair value of other instrument which is substantially similar, and option pricing models.

Reklasifikasi Instrumen Keuangan

Reclassification of Financial Instruments

Bank tidak melakukan reklasifikasi instrumen keuangan dari atau ke klasifikasi yang diukur pada nilai wajar melalui laporan laba rugi selama instrumen keuangan tersebut dimiliki atau diterbitkan.

The Bank shall not reclassify any financial instrument out of or into the fair value through profit or loss classification while it is held or issued.


25





2.



Financial Assets (continued) of

and Financial

Liabilities

Reklasifikasi Instrumen Keuangan (lanjutan)

Reclassification (continued)

Instruments

Bank tidak mereklasifikasi setiap instrumen keuangan dari diukur pada nilai wajar melalui laba rugi jika pada pengakuan awal instrumen keuangan tersebut ditetapkan oleh Bank sebagai diukur pada nilai wajar melalui laba rugi.

The Bank does not reclassify any financial instrument out of fair value through profit or loss classification if upon initial recognition the financial instrument is designated by the Bank as at fair value through profit or loss.

Bank mereklasifikasi aset keuangan dari diukur pada nilai wajar jika aset keuangan tersebut tidak lagi dimiliki untuk tujuan penjualan atau pembelian kembali dalam waktu dekat (meskipun aset keuangan mungkin telah diperoleh atau timbul terutama untuk tujuan penjualan atau pembelian kembali dalam waktu dekat).

The Bank reclassify a financial asset out of fair value through profit or loss classification if the financial asset no longer incurred for the purpose of selling or repurchasing it in the near term (although the financial asset may has been acquired or intended principally for the purpose of selling or repurchasing it in the near term).

Persyaratan untuk reklasifikasi adalah:

Requirement for the reclassification are:

a)

Dilakukan dalam situasi yang langka,

a)

Occurs in a rare circumstances,

b)

Memenuhi definisi pinjaman yang diberikan dan piutang (jika aset keuangan tidak diisyaratkan untuk diklasifikasikan sebagai diperdagangkan pada pengakuan awal) dan Bank memiliki intensi dan kemampuan memiliki aset keuangan untuk masa mendatang yang dapat diperkirakan atau hingga jatuh tempo.

b)

Qualifies as loans and receivables definition (if the financial asset is not designated as at held for trading upon initial recognition) and the Bank has the intention and ability to hold the financial assets for the future that can be forecasted or to maturity.

Bank tidak mereklasifikasi instrumen keuangan ke dalam kategori nilai wajar melalui laba rugi setelah pengakuan awal.

The Bank does not reclassify any financial instrument into fair value through profit or loss classification after initial recognition.

Bank mereklasifikasi aset keuangan yang diklasifikasikan sebagai tersedia untuk dijual yang memenuhi definisi pinjaman yang diberikan dan piutang (jika aset keuangan tidak ditetapkan sebagai tersedia untuk dijual) dari tersedia untuk dijual jika Bank memiliki intensi dan kemampuan memiliki aset keuangan untuk masa mendatang yang dapat diperkirakan atau hingga jatuh tempo.

The Bank reclassify a financial asset at available-for-sale classification which qualifies as loans and receivable definition (if the financial asset is not designated as at available-for-sale) from available-for-sale if the Bank has the intention and ability to hold the financial asset for the future that can be forecasted or to maturity.

26






2.




Financial

Liabilities



Bank tidak mereklasifikasi aset keuangan yang dikategorikan dimiliki hingga jatuh tempo. Jika terjadi penjualan atau reklasifikasi aset keuangan dari kelompok dimiliki hingga jatuh tempo dalam jumlah yang lebih dari jumlah yang tidak signifikan sebelum jatuh tempo (selain dari kondisi spesifik tertentu), maka seluruh aset keuangan yang dimiliki hingga jatuh tempo akan direklasifikasi menjadi aset keuangan yang tersedia untuk dijual. Selanjutnya, Bank tidak akan mengklasifikasi aset keuangan sebagai aset keuangan yang dimiliki hingga jatuh tempo selama dua tahun berikutnya.

The Bank does not reclassify any financial asset categorized as held-to-maturity. If there is a sale or reclassification of held-tomaturity financial asset for more than an insignificant amount before maturity (other than in certain specific circumstances), the entire held-to-maturity financial assets will have to be reclassified as available-for-sale financial assets. Subsequently, the Bank shall not classify financial asset as held-tomaturity during the following two years.

Kondisi spesifik tertentu yang dimaksud adalah sebagai berikut:

The certain specific circumstances are as follows:

a) Dilakukan ketika aset keuangan sudah mendekati jatuh tempo atau tanggal pembelian kembali, sehingga perubahan suku bunga tidak akan berpengaruh secara signifikan terhadap nilai wajar aset keuangan tersebut.

a)

Performed if financial assets are so close to maturity or call date, that changes in the market rate of interest would not have a significant effect on their fair value.

b) Ketika Bank telah memperoleh secara substansial seluruh jumlah pokok asetaset keuangan tersebut sesuai jadwal pembayaran atau Bank telah memperoleh pelunasan dipercepat; atau

b)

When the Bank have collected substantially all of the financial assets original principal through scheduled payment or prepayment; or

c) Terkait dengan kejadian tertentu yang berada di luar kendali Bank, tidak terulang, dan tidak dapat diantisipasi secara wajar oleh Bank.

c)

Attributable to an isolated event that is beyond the Bank’s control, is nonrecurring and could not have been reasonably anticipated by the Bank.

Reklasifikasi aset keuangan dari kelompok diukur pada nilai wajar melalui laba rugi ke dalam kelompok pinjaman yang diberikan dan piutang dicatat pada biaya perolehan atau biaya perolehan diamortisasi. Keuntungan atau kerugian belum direalisasi yang telah diakui sebagai laba rugi tidak dapat dibalik. Reklasifikasi aset keuangan dari kelompok tersedia untuk dijual ke dalam kelompok pinjaman yang diberikan dan piutang dicatat pada biaya perolehan atau biaya perolehan diamortisasi. Keuntungan atau kerugian belum direalisasi yang sebelumnya diakui dalam ekuitas dicatat dengan cara sebagai berikut:

Reclassification of fair value through profit or loss financial asset to loans and receivables is recorded at cost or amortized cost. Unrealized gain or loss that has been recognized as profit or loss shall not be reversed.


of

and

Instruments

Reclassification of available-for-sale financial asset to loans and receivables is recorded at cost or amortized cost. Any previous gain or loss which has been recognized direcly in equity shall be accounted for as follows:

27





2.



Financial Assets (continued) of

and Financial

Liabilities



Instruments

a)

Jika aset keuangan memiliki jatuh tempo tetap, keuntungan atau kerugian diamortisasi ke laba rugi selama sisa umur investasi dengan EIR.

a)

In the case of a financial asset with a fixed maturity, the gain or loss shall be amortized to profit or loss over the remaining life of the investment using the EIR.

b)

Jika aset keuangan tidak memiliki jatuh tempo yang tetap, keuntungan atau kerugian tetap dalam ekuitas sampai aset keuangan tersebut dijual atau dilepaskan dan pada saat itu keuntungan atau kerugian diakui dalam laba rugi komprehensif.

b)

In the case of a financial asset that does not have a fixed maturity, the gain or loss shall remain in equity until the financial asset is sold or otherwhise disposed of, when it shall be recognized in statements of comprehensive income.

Reklasifikasi aset keuangan dari kelompok yang dimiliki hingga jatuh tempo ke kelompok tersedia untuk dijual dicatat sebesar nilai wajar. Keuntungan atau kerugian yang belum direalisasi diakui dalam ekuitas sampai aset keuangan tersebut dihentikan pengakuannya dan pada saat itu keuntungan atau kerugian kumulatif yang sebelumnya diakui dalam ekuitas diakui pada laporan laba rugi komprehensif.

Reclassification of held-to-maturity financial asset to available-for-sale is recorded at fair value. The unrealized gain or loss is recognized in equity until the time financial assets is derecognized and at the time the cumulative gain or loss previously recognized in equity shall be recognized in the statement of comprehensive income.

Restrukturisasi Kredit

Loan Restructuring

Kerugian yang timbul dari restrukturisasi kredit yang berkaitan dengan modifikasi persyaratan kredit hanya diakui bila nilai tunai penerimaan kas masa depan yang telah ditentukan dalam persyaratan kredit yang baru, termasuk penerimaan yang diperuntukkan sebagai bunga maupun pokok, adalah lebih kecil dari nilai kredit yang diberikan yang tercatat sebelum restrukturisasi.

Losses on loan restructuring in respect of modification of the terms of the loans are recognized only if the cash value of total future cash receipt specified in the new terms of the loans, including both receipt designated as interest and those designated as loan principal, are less than the recorded amounts of loans before restructuring.

Untuk restrukturisasi kredit bermasalah dengan cara konversi kredit yang diberikan menjadi saham atau instrumen keuangan lainnya, kerugian dari restrukturisasi kredit diakui hanya apabila nilai wajar penyertaan saham atau instrumen keuangan yang diterima dikurangi estimasi biaya untuk menjualnya adalah kurang dari nilai tercatat kredit yang diberikan.

For loan restructuring which involve a conversion of loans into equity or other financial instruments, a loss on loan restructuring is recognized only if the fair value of the equity or other financial instruments received, reduced by estimated costs to sell the equity or other financial instruments, is less than the carrying value of loan.

Saat ini hanya terdapat restrukturisasi kredit dengan menggunakan metode perpanjangan jangka waktu kredit.

Currently, there was only loan restructuring using extension terms of loans method.

28





Ikhtisar Kebijakan Akuntansi Penting (lanjutan) d.

2.

Giro pada Bank Indonesia dan Bank Lain

Summary of Significant Accounting Policies (continued) d.

Giro pada bank lain dan Bank Indonesia setelah perolehan awal diukur sebesar biaya perolehan diamortisasi dengan menggunakan metode suku bunga efektif. Cadangan kerugian penurunan nilai diukur bila terdapat indikasi penurunan nilai dengan menggunakan metodologi penurunan nilai sebagaimana diungkapkan dalam Catatan 2l. e.

f.

Current Accounts with Bank Indonesia and Other Banks Subsequent to initial recognition, current accounts with other banks and Bank Indonesia are measured at their amortized cost using the EIR method. Allowance for impairment losses is assessed if there is an indication of impairment using the impairment methodology as disclosed in Note 2l.

Penempatan pada Bank Indonesia dan Bank Lain

e.

Placements with Bank Indonesia and Other Banks

Penempatan pada Bank Indonesia dan bank lain merupakan penempatan dana dalam bentuk call money , Fasilitas Simpanan Bank Indonesia, deposito berjangka dan lain-lain.

Placements with Bank Indonesia and other banks consist of call money, Bank Indonesia Deposit Facilities, time deposits and others.

Penempatan pada Bank Indonesia dinyatakan sebesar saldo penempatan.

Placements with Bank Indonesia are stated at the outstanding balances.

Penempatan pada bank lain dinilai berdasarkan nilai wajar ditambah biaya transaksi tambahan langsung, jika ada, dan selanjutnya diukur sebesar biaya perolehan diamortisasi dengan menggunakan EIR. Cadangan kerugian penurunan nilai diukur bila terdapat bukti yang obyektif mengenai penurunan nilai dengan menggunakan metodologi penurunan nilai sebagaimana diungkapkan dalam Catatan 2l.

Placements with other banks are initially measured at fair value plus incremental direct transaction cost, if any, and subsequently measured at their amortized cost using EIR. Allowances for impairment losses is assessed if there is an objective evidence of impairment using the impairment methodology as disclosed in Note 2l.

Efek-efek yang diperdagangkan

f.

Trading securities

Efek-efek yang diperdagangkan terdiri dari Surat Utang Negara, Surat Perbendaharaan Negara, dan Sertifikat Bank Indonesia yang dikategorikan sebagai dimiliki untuk diperdagangkan dan dicatat di laporan posisi keuangan sebesar nilai wajar.

Trading securities comprises of Government Bonds, State Treasury Notes, and Certificates of Bank Indonesia that are classified as held for trading, and recorded in the statements of financial position at fair value.

Keuntungan atau kerugian yang belum direalisasi akibat kenaikan atau penurunan nilai wajar disajikan dalam laporan laba rugi komprehensif tahun berjalan. Pendapatan bunga dari efek hutang dicatat dalam laporan laba rugi komprehensif sesuai dengan persyaratan dalam kontrak. Pada saat penjualan portofolio efek yang diperdagangkan, selisih antara harga jual dengan harga perolehan diakui sebagai keuntungan atau kerugian penjualan pada tahun dimana efek tersebut dijual.

Unrealized gains or losses resulting from the increase or decrease in fair value are recognized in the current year statements of comprehensive income. The interest income from debt securities is recorded in the statements of comprehensive income according to the terms of the contract. At the time of sale of trading securities portfolio, the difference between the selling price and the purchase price is recognized as a gain or loss in the year when the securities are sold.


29




Ikhtisar Kebijakan Akuntansi Penting (lanjutan) g.

2.

Investasi Keuangan

Summary of Significant Accounting Policies (continued) g.

Financial Investments

Investasi keuangan diklasifikasikan sebagai berikut:

Financial follows:

Efek-efek yang Tersedia untuk Dijual

Available-for-Sale Securities

Efek-efek yang tersedia untuk dijual diakui dan diukur sebesar nilai wajar dengan memperhitungkan pendapatan dan/atau beban yang dapat diatribusikan langsung pada pembelian efek-efek. Setelah pengakuan awal, keuntungan dan kerugian yang belum direalisasikan dari kenaikan atau penurunan nilai wajar, setelah pajak, diakui dan disajikan sebagai komponen ekuitas.

Available-for-sale securities are recognized and measured at fair value by calculating income and/or expenses directly attributable to the purchase of securities. After initial recognition, gains and losses from changes in fair value of securities, net of tax, are recognized directly to equity.

Ketika investasi tersebut dihapus, keuntungan atau kerugian kumulatif setelah pajak, yang sebelumnya diakui di pendapatan komprehensif lainnya, diakui dalam laporan laba rugi komprehensif. Kerugian yang timbul dari penurunan nilai pada investasi tersebut diakui dalam laporan laba rugi komprehensif dan dikeluarkan dari pendapatan komprehensif lainnya.

When the investment is disposed the cummulative gain or loss, net of tax, previously recognized in other comprehensive income is recognized in the statements of comprehensive income. The losses arising from impairment of such investments are recognized in the statements of comprehensive income and removed from other comprehensive income.

Premi dan/atau diskonto diamortisasi sebagai pendapatan bunga dengan menggunakan EIR.

Premium and/or discount is amortized and reported as interest income using the EIR.

Efek-efek yang Dimiliki Hingga Jatuh Tempo dan Pinjaman yang Diberikan dan Piutang

Held-to-Maturity Securities and Loans and Receivables

Efek-efek yang dimiliki hingga jatuh tempo dan pinjaman yang diberikan dan piutang diakui dan diukur sebesar nilai wajar dengan memperhitungkan pendapatan dan/atau beban yang dapat diatribusikan langsung pada pembelian efek-efek. Setelah pengakuan awal, efek-efek diukur pada biaya perolehan diamortisasi menggunakan metode suku bunga efektif.

Held-to-maturity securities and loans and receivables are recognized and measured at fair value by calculating income and/or expenses directly attributable to the purchase of securities. After initial recognition, securities are measured at amortized acquisition cost using EIR.

30

investments

are

classified

as





Ikhtisar Kebijakan Akuntansi Penting (lanjutan) h.

2.

Efek-efek yang Dijual dengan Janji Dibeli Kembali

Summary of Significant Accounting Policies (continued) h.

under

Repurchase

Securities sold under repurchase (repo) agreements are recognized at the agreed repurchase price less unamortized interest. The unamortized interest represents the difference between the selling price and the agreed repurchase price and is recognized as interest expense during the period from the sale of securities to the date of repurchase by using EIR. The securities sold are recorded as assets on the statements of financial position because in substance the ownership of the securities remains with the Bank as the seller.

Efek yang dijual dengan janji dibeli kembali (repo) diakui sebesar harga pembelian kembali yang disepakati dikurangi beban bunga yang belum diamortisasi. Beban bunga yang belum diamortisasi merupakan selisih antara harga jual dan harga beli kembali yang disepakati dan diakui sebagai beban bunga selama jangka waktu sejak efek dijual hingga dibeli kembali dengan menggunakan EIR. Efek yang dijual tetap dicatat sebagai aset dalam laporan posisi keuangan karena secara substansi kepemilikan efek tetap berada pada pihak Bank sebagai penjual. i.

Securities Sold Agreements

Instrumen Keuangan Derivatif

i.

Derivatives Financial Instruments

Seluruh instrumen derivatif dicatat dalam laporan posisi keuangan berdasarkan nilai wajarnya. Nilai wajar tersebut ditentukan berdasarkan harga pasar, kurs Reuters pada tanggal pelaporan laporan posisi keuangan, diskonto arus kas, model penentu harga atau harga yang diberikan oleh broker (quoted price) atas instrumen lain yang memiliki karakteristik atau model penentuan harga serupa.

All derivatives instruments are recognized in statements of financial position at fair value. The fair value is based on the market rate, Reuters exchange rate at statements of financial position date, discounted cash flows, price valuation or broker quoted price on other instruments with similar characteristics or price model.

Keuntungan atau kerugian dari kontrak derivatif yang tidak ditujukan untuk lindung nilai (atau tidak memenuhi kriteria untuk dapat diklasifikasikan sebagai lindung nilai) diakui pada laporan laba rugi komprehensif tahun berjalan.

Gain or loss on a derivative contract not designated as a hedging instrument (or derivative contract that does not qualify as a hedging instrument) is recognized in the current year statements of comprehensive income.

Instrumen derivatif melekat dipisahkan dari kontrak utama non-derivatif dan diperlakukan sebagai instrumen derivatif jika seluruh kriteria berikut terpenuhi:

Embedded derivatives instruments are separated from their host non-derivative contract and accounted for as a derivative instrument if all of the following criteria are met:

1.

Risiko dan karakteristik ekonomi dari derivatif melekat tidak secara erat berhubungan dengan karakteristik dan risiko kontrak utama.

1.

The economic characteristics and risks of the embedded derivative are not closely related to those of the host contract.

2.

Instrumen terpisah dengan kondisi yang sama dengan instrumen derivatif melekat memenuhi definisi dari derivatif, dan

2.

A separate instrument with the same terms as the embedded derivative would meet the definition of a derivative, and


31




Ikhtisar Kebijakan Akuntansi Penting (lanjutan) i.

j.

k.

2.

Instrumen Keuangan Derivatif (lanjutan)

Summary of Significant Accounting Policies (continued) i.

Derivatives (continued)

Financial

Instruments

Instrumen derivatif melekat dipisahkan dari kontrak utama non-derivatif dan diperlakukan sebagai instrumen derivatif jika seluruh kriteria berikut terpenuhi: (lanjutan)

Embedded derivatives instruments are separated from their host non-derivative contract and accounted for as a derivative instrument if all of the following criteria are met: (continued)

3.

3.

Instrumen hibrid (kombinasi) tidak diukur pada harga wajar dengan perubahan nilai wajar diakui dalam laporan laba rugi komprehensif (yaitu derivatif melekat dalam aset keuangan atau liabilitas keuangan yang diukur pada nilai wajar melalui laba rugi tidak dipisahkan).

Kredit yang Diberikan

j.

The hybrid (combined) instrument is not measured at fair value with changes in fair value recognized in statements of comprehensive income (i.e a derivative that is embedded in a financial asset or financial liability at fair value through profit or loss is not separated).

Loans

Kredit yang diberikan diukur pada biaya perolehan diamortisasi menggunakan EIR dikurangi cadangan kerugian penurunan nilai. Biaya perolehan diamortisasi diukur dengan memperhitungkan diskonto atau premi yang timbul pada saat akuisisi serta biaya/fee transaksi yang merupakan bagian yang tidak terpisahkan dari suku bunga efektif. Amortisasi tersebut diakui pada laporan laba rugi komprehensif. Cadangan kerugian atas penurunan nilai dilakukan bila terdapat indikasi penurunan nilai dengan menggunakan metodologi penurunan nilai sebagaimana diungkapkan dalam Catatan 2l.

Loans are measured at amortized cost using the EIR less allowance for impairment losses. Amortized cost is calculated by taking into account any discount or premium on acquisition and cost/fee that are an integral part of the EIR. The amortization is recognized in the statements of comprehensive income. The allowance for impairment losses are assessed if there is an objective evidence of impairment using the impairment methodology as disclosed in Note 2l.

Kredit sindikasi dinyatakan sebesar pokok kredit sesuai dengan porsi risiko yang ditanggung oleh Bank.

Syndicated loans are stated at the loan principal amount based on the risk participation by the Bank.

Tagihan dan Liabilitas Akseptasi

k.

Acceptances Receivable and Liabilities

Tagihan akseptasi diukur pada biaya perolehan diamortisasi menggunakan metode EIR, dikurangi dengan cadangan kerugian penurunan nilai. Liabilitas akseptasi diukur pada biaya perolehan diamortisasi menggunakan metode suku bunga efektif.

Acceptances receivable are measured at amortized cost using the EIR, less allowance for impairment losses. Acceptances payable are measured at amortized cost by using the EIR.

Cadangan kerugian penurunan nilai dilakukan bila terdapat bukti yang obyektif mengenai penurunan nilai dengan menggunakan metodologi penurunan nilai sebagaimana diungkapkan dalam Catatan 2l.

The allowance for impairment lossess are assessed if there is an objective evidence of impairment by using the impairment methodology as disclosed in Note 2l.

32





Ikhtisar Kebijakan Akuntansi Penting (lanjutan) l.

2.

Penurunan Nilai Instrumen Keuangan

Summary of Significant Accounting Policies (continued) l.

Impairment of Financial Instruments

Pada setiap tanggal laporan posisi keuangan, Bank mengevaluasi apakah terdapat bukti yang objektif bahwa aset keuangan atau kelompok aset keuangan mengalami penurunan nilai. Aset keuangan atau kelompok aset keuangan diturunkan nilainya dan kerugian penurunan nilai terjadi jika, dan hanya jika, terdapat bukti yang objektif mengenai penurunan nilai tersebut sebagai akibat dari satu atau lebih peristiwa yang terjadi setelah pengakuan awal aset tersebut (peristiwa yang menyebabkan penurunan nilai), yang berdampak pada estimasi arus kas masa depan atas aset keuangan atau kelompok aset keuangan yang diestimasi secara andal.

The Bank assesses at each statements of financial position date whether there is any objective evidence that a financial asset or a group of financial assets is impaired. A financial asset or a group of financial assets is deemed to be impaired and impairment losses incurred if, and only if, there is an objective evidence of impairment as a result of one or more events that has occurred after the initial recognition of the asset (an incurred ‘loss event’) and that loss event has an impact on the estimated future cash flows of the financial asset or the group of financial assets that can be reliably estimated.

Bukti penurunan nilai meliputi indikasi kesulitan keuangan signifikan yang dialami penerbit atau pihak peminjam, wanprestasi atau tunggakan pembayaran pokok atau bunga, kemungkinan bahwa pihak peminjam akan dinyatakan pailit atau melakukan reorganisasi keuangan lainnya dan data yang dapat diobservasi mengindikasikan adanya penurunan yang dapat diukur atas estimasi arus kas masa datang, misalnya perubahan tunggakan atau kondisi ekonomi yang berkorelasi dengan wanprestasi atas aset dalam kelompok tersebut.

Evidence of impairment include indications that the debtors or a group of debtors is experiencing significant financial difficulty, default or delinquency in interest or principal payments, the probability that they will enter bankruptcy or other financial reorganization and where observable data indicate that there is a measurable decrease in the estimated future cash flows, such as changes in arrears or economic conditions that correlate with defaults.

Jika terdapat bukti objektif bahwa penurunan nilai telah terjadi, jumlah kerugian diukur sebesar selisih antara nilai tercatat aset dan nilai sekarang dari estimasi arus kas masa depan (tidak termasuk kerugian kredit di masa datang yang diharapkan tapi belum terjadi).

If there is an objective evidence that an impairment loss has been incurred, the amount of the loss is measured as the difference between the asset's carrying amount and the present value of estimated future cash flows (excluding future expected credit losses that have not yet been incurred).

Estimasi periode antara terjadinya peristiwa dan identifikasi kerugian ditentukan oleh Manajemen untuk setiap portofolio yang diidentifikasi. Pada umumnya, periode tersebut bervariasi antara 3 (tiga) sampai 12 (dua belas) bulan, untuk kasus tertentu diperlukan periode yang lebih lama.

The estimated period between the occurrence of the event and identification of loss is determined by Management for each identified portfolio. In general, the periods used vary between 3 (three) months to 12 (twelve) months; in exceptional cases, longer periods are warranted.

Untuk aset keuangan yang dicatat pada biaya perolehan diamortisasi, Bank pada awalnya menentukan apakah terdapat bukti objektif penurunan nilai secara individual atas aset keuangan yang signifikan secara individual, atau secara kolektif untuk aset keuangan yang tidak signifikan secara individual.

For financial assets carried at amortized cost, the Bank first assesses individually whether objective evidence of impairment exists individually for financial assets that are individually significant, or collectively for financial assets that are not individually significant.


33





Penurunan (lanjutan)

Nilai

Instrumen

2.

Keuangan


Impairment (continued)

of

Financial

Instruments

Penilaian secara individual dilakukan atas aset keuangan yang signifikan yang memiliki bukti objektif penurunan nilai. Aset keuangan yang tidak signifikan dimasukkan dalam kelompok aset keuangan yang memiliki karakteristik risiko kredit yang sejenis dan dilakukan penilaian secara kolektif.

Individual assessment is performed on the significant financial assets that had objective evidence of impairment. The insignificant financial assets includes in the group of financial assets with similar credit risk characteristics and assessed collectively.

Jika Bank menyimpulkan tidak terdapat bukti objektif penurunan nilai aset keuangan yang dinilai secara individual, maka Bank memasukkan aset tersebut ke dalam kelompok aset keuangan yang memiliki karakteristik risiko kredit yang sejenis dan menilai penurunan nilai kelompok tersebut secara kolektif.

However, if the Bank determines that no objective evidence of impairment exists for an individually assessed financial asset, the Bank includes the asset in a group of financial assets with similar credit risk characteristics and collectively assesses them for impairment.

Bank menetapkan kredit yang dievaluasi penurunan nilainya secara individual, jika memenuhi salah satu kriteria di bawah ini:

The Bank determines loans to be evaluated for impairment through individual evaluation if one of the following criteria is met:

1.

1.

2.

Kredit yang secara individual memiliki nilai signifikan tertentu dan memiliki bukti obyektif penurunan nilai; Kredit yang direstrukturisasi yang secara individual memiliki nilai signifikan

2.

Loans which individually have certain significant value and objective evidence of impairment; Restructured loans which individually have significant value.

Cadangan kerugian penurunan nilai secara individual dihitung dengan menggunakan metode diskonto arus kas (discounted cash flows).

Allowance for impairment losses on impaired financial assets that was assessed individually by using discounted cash flows method.

Bank menetapkan bahwa kredit dievaluasi penurunan nilainya secara kolektif, jika memenuhi salah satu kriteria di bawah ini:

The Bank determines that loans to be evaluated for impairment through collective evaluation if one of the following criteria is met:

1.

1.

2. 3.

Kredit yang secara individual bernilai signifikan dan tidak memiliki bukti obyektif penurunan nilai. Kredit yang secara individual bernilai tidak signifikan. Kredit yang telah direstrukturisasi yang secara individual bernilai tidak signifikan.

2. 3.

Loans which individually have significant value and there is no objective evidence of impairment. Loans which individually have insignificant value. Restructured loans which individually have insignificant value.

Starting on January 1, 2012, the Bank implemented allowance for impairment loss on impaired financial assets that was assessed collectively, the Bank uses statistical method of the historical data such as the probability of defaults, time of recoveries, the amount of loss incurred (Loss Given Default), and by considering management’s judgment of current economic and credit conditions.

Sejak 1 Januari 2012, Bank menerapkan cadangan penurunan nilai secara kolektif yang dihitung dengan menggunakan metode statistik atas data historis berupa probability of default di masa lalu, waktu pemulihan dan jumlah kerugian yang terjadi (Loss Given Default) yang selanjutnya mempertimbangkan penilaian manajemen terkait kondisi ekonomi dan kredit saat ini.

34







Nilai

Instrumen

2.

Keuangan



of

Financial

Instruments

Bank menggunakan statistical model analysis method, yaitu roll rates analysis method untuk penilaian penurunan nilai aset keuangan secara kolektif.

The Bank uses statistical model analysis method, i.e., roll rate analysis method to assess financial asset impairment collectively.

Sesuai dengan Lampiran Surat Edaran Bank Indonesia No. 11/33/DPNP tanggal 8 Desember 2009 (SE-BI), Bank menentukan cadangan kerugian penurunan nilai kredit secara kolektif dengan mengacu pada pembentukan cadangan umum dan cadangan khusus sesuai dengan ketentuan Bank Indonesia mengenai penilaian kualitas aktiva bank umum. Sesuai dengan SE-BI tersebut ketentuan transisi penurunan nilai atas kredit secara kolektif diterapkan sampai dengan tanggal 31 Desember 2011.

In accordance with the Appendix to the Bank Indonesia Circular Letter No. 11/33/DPNP dated December 8, 2009 (SE-BI), the Bank determines the allowance for collective impairment losses of loans with reference to general allowance and specific allowance in accordance with Bank Indonesia regulations regarding the assessment of commercial banks’ asset quality. In accordance with the abovementioned SE-BI, the transition rule for collective impairment calculation on loans applied until December 31, 2011.

Cadangan kolektif untuk kredit yang dikelompokkan sebagai dalam perhatian khusus, kurang lancar, diragukan dan macet dihitung setelah dikurangi dengan nilai agunan yang diperkenankan sesuai dengan ketentuan Bank Indonesia. Perhitungan cadangan kerugian penurunan nilai berdasarkan nilai tercatat (biaya perolehan setelah amortisasi).

Collective allowance for loans classified as special mention, substandard, doubtful and loss is calculated after deducting the value of allowable collateral in accordance with Bank Indonesia regulations. The calculation of allowance for impairment losses is based on carrying amount (amortized cost).

Bank menggunakan nilai wajar agunan (fair value of collateral) sebagai dasar dari arus kas masa datang apabila salah satu kondisi berikut terpenuhi:

The Bank uses the fair value of collateral as the basis for future cash flow if one of the following conditions is met:

1. Kredit bersifat tergantung pada agunan (collateral dependent), yaitu jika pelunasan kredit hanya bersumber dari agunan; 2. Pengambilalihan agunan kemungkinan besar terjadi dan didukung dengan perjanjian pengikatan agunan.

1.

Kerugian penurunan nilai aset keuangan yang dicatat pada biaya perolehan setelah amortisasi diukur sebesar selisih antara nilai tercatat aset keuangan dengan nilai kini estimasi arus kas masa datang yang didiskonto menggunakan suku bunga efektif awal dari aset keuangan tersebut. Jika pinjaman yang diberikan atau surat-surat berharga dan Obligasi Pemerintah dimiliki hingga jatuh tempo memiliki suku bunga variabel, maka tingkat diskonto yang digunakan untuk mengukur setiap kerugian penurunan nilai adalah suku bunga efektif yang berlaku saat ini yang ditetapkan dalam kontrak.

Impairment losses on financial assets carried at amortized cost are measured as the difference between the carrying amount of the financial assets and present value of estimated future cash flows discounted at the financial assets original effective interest rate. If a loan or held-to-maturity securities and Government Bonds have a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.


2.

35

Loans are collateral dependent, i.e. if the source of loans repayment is made only from the collateral; Foreclosure of collateral is most likely to occur and supported by binding collateral agreement.






Nilai

Instrumen

2.

Keuangan



of

Financial

Instruments

Sebagai panduan praktis, Bank dapat mengukur penurunan nilai berdasarkan nilai wajar instrumen dengan menggunakan harga pasar yang dapat diobservasi, perhitungan nilai kini dari estimasi arus kas masa datang dari aset keuangan agunan (collateralized financial asset) yang mencerminkan arus kas yang dapat dihasilkan dari pengambilalihan agunan dikurangi biaya-biaya untuk memperoleh dan menjual agunan, terlepas apakah pengambilalihan tersebut berpeluang terjadi atau tidak. Kerugian yang terjadi diakui pada laporan laba rugi komprehensif dan dicatat pada akun cadangan kerugian penurunan nilai sebagai pengurang terhadap aset keuangan yang dicatat pada biaya perolehan diamortisasi. Pendapatan bunga dari aset keuangan yang mengalami penurunan nilai tetap diakui atas dasar suku bunga yang digunakan untuk mendiskonto arus kas masa datang dalam pengukuran kerugian penurunan nilai. Jika terjadi peristiwa setelah tanggal laporan posisi keuangan menyebabkan jumlah kerugian penurunan nilai berkurang, kerugian penurunan nilai yang sebelumnya diakui dipulihkan dan pemulihan tersebut diakui pada laporan laba rugi komprehensif.

As a practical guideline, the Bank may measure impairment on the basis of an instrument’s fair value using an observable market price, the calculation of the present value of the estimated future cash flows of a collateralized financial assets which reflects the cash flows that may result from foreclosure less costs for obtaining and selling the collateral, whether or not foreclosure is probable. Losses are recognized in the statements of comprehensive income and reflected in an allowance for impairment losses account against financial assets carried at amortized cost. Interest income on the impaired financial assets continues to be recognized using the original rate of interest used to discount the future cash flows for the purpose of measuring the impairment loss. When a subsequent event causes the amount of impairment loss to decrease, the impairment loss previously recognized is reversed through the statements of comprehensive income.

Untuk aset keuangan yang tersedia untuk dijual, pada setiap tanggal laporan posisi keuangan, Bank mengevaluasi apakah terdapat bukti obyektif bahwa aset keuangan atau kelompok aset keuangan mengalami penurunan nilai. Penurunan yang signifikan atau penurunan jangka panjang atas nilai wajar investasi dalam instrumen ekuitas yang diklasifikasikan sebagai tersedia untuk dijual di bawah biaya perolehannya merupakan bukti obyektif terjadinya penurunan nilai dan menyebabkan pengakuan kerugian penurunan nilai. Kerugian penurunan nilai atas surat-surat berharga yang tersedia untuk dijual diakui dengan memindahbukukan kerugian kumulatif yang telah diakui secara langsung dalam ekuitas ke laporan laba rugi komprehensif. Jumlah kerugian kumulatif yang dipindahbukukan dari ekuitas dan diakui pada laporan laba rugi komprehensif merupakan selisih antara biaya perolehan (setelah dikurangi dengan nilai pelunasan pokok dan amortisasi) dengan nilai wajar kini, dikurangi kerugian penurunan nilai aset keuangan yang sebelumnya telah diakui pada laporan laba rugi komprehensif.

For financial assets classified as availablefor-sale, the Bank assesses at each statements of financial position date whether there is objective evidence that a financial asset or a group of financial assets is impaired. In the case of equity instruments classified as available-for-sale, a significant or prolonged decline in the fair value of the security below its cost is an objective evidence of impairment resulting in the recognition of an impairment loss. Impairment losses on available-for-sale marketable securities are recognized by transferring the cumulative loss that has been recognized directly in equity to the statements of comprehensive income. The cumulative loss that has been removed from equity and recognized in the statements of comprehensive income is the difference between the acquisition cost, net of any principal repayment and amortization, and the current fair value, less any impairment loss previously recognized in the statements of comprehensive income.

36







Nilai

Instrumen

2.

Keuangan



of

Financial

Instruments

Kerugian penurunan nilai yang diakui pada laporan laba rugi komprehensif atas investasi instrumen ekuitas yang diklasifikasikan sebagai instrumen ekuitas yang tersedia untuk dijual tidak dipulihkan.

Impairment losses recognized in the statements of comprehensive income on investments in equity instruments classified as available-for-sale shall not be reversed.

Jika pada periode berikutnya, nilai wajar instrumen utang yang diklasifikasikan dalam kelompok tersedia untuk dijual meningkat dan peningkatan tersebut dapat secara obyektif dihubungkan dengan peristiwa yang terjadi setelah pengakuan kerugian nilai pada laporan laba rugi komprehensif maka kerugian penurunan nilai tersebut dipulihkan melalui laporan laba rugi komprehensif.

If in a subsequent period, the fair value of debt instrument classified as available-forsale securities increases and the increase can be objectively related to an event occurring after the impairment loss was recognized in the statements of comprehensive income, the impairment loss is reversed, with the amount of reversal recognized in the statements of comprehensive income.

Jika persyaratan pinjaman yang diberikan, piutang atau surat-surat berharga yang dimiliki hingga jatuh tempo dinegosiasi ulang atau dimodifikasi karena debitur atau penerbit mengalami kesulitan keuangan, maka penurunan nilai diukur dengan suku bunga efektif awal yang digunakan sebelum persyaratan diubah.

If the terms of the loans and receivables or held-to-maturity marketable securities are renegotiated or otherwise modified because of financial difficulties of the borrower or issuer, impairment is measured using the original effective interest rate before the terms is modified.

Jika, pada suatu periode berikutnya, jumlah cadangan kerugian penurunan nilai berkurang dan pengurangan tersebut dapat dikaitkan secara obyektif pada peristiwa yang terjadi setelah penurunan nilai diakui (seperti meningkatnya peringkat kredit debitur atau penerbit), maka kerugian penurunan nilai yang sebelumnya diakui akan dipulihkan, dengan menyesuaikan akun cadangan. Jumlah pemulihan aset keuangan diakui pada laporan laba rugi komprehensif.

If, in the next period, the amount of allowance for impairment losses is decreased and the decrease can be related objectively to an event that occured after the recognition of the impairment losses (i.e. upgrade debtor’s or issuer’s collectability), the impairment loss that was previously recognized shall be reversed, by adjusting the allowance account. The reversal amount of financial assets is recognized in the statements of comprehensive income.

Pemulihan kembali pada tahun berjalan aset keuangan yang telah dihapusbukukan dikreditkan dengan menyesuaikan akun cadangan kerugian penurunan nilai. Pemulihan kembali pinjaman yang telah dihapusbukukan pada tahun-tahun sebelumnya dicatat sebagai pendapatan operasional selain pendapatan bunga.

The recoveries of written-off financial assets in the current year are credited by adjusting the allowance for impairment losses accounts. Recoveries of written-off loans from previous years are recorded as operational income other than interest income.


37




Ikhtisar Kebijakan Akuntansi Penting (lanjutan)

2.

m. Penurunan Nilai Aset Non-Keuangan

Summary of Significant Accounting Policies (continued) m. Impairment of Non-Financial Assets Based on the letter of Bank Indonesia No. 13/658/DPNP/IDPnP dated December 23, 2011, Bank is no longer required to provide an allowance losses on non-earning assets and estimated losses on commitments and contingencies. However, the Bank should calculate the allowance for impairment losses in accordance with the applicable accounting standards. The Bank has made certain adjustments by reversing the provision for possible losses on nonearning assets and estimated losses on commitments and contingencies and charged to the statements of comprehensive income for the year ended December 31, 2011 considering materiality.

Berdasarkan Surat Bank Indonesia No. 13/658/DPNP/IDPnP tanggal 23 Desember 2011, Bank tidak diwajibkan lagi untuk membentuk penyisihan penghapusan aset non-produktif dan estimasi kerugian komitmen dan kontinjensi. Namun, Bank tetap harus menghitung cadangan kerugian penurunan nilai mengacu pada standar akuntansi yang berlaku. Bank telah melakukan beberapa penyesuaian dengan menjurnal balik cadangan kerugian untuk aset nonproduktif dan estimasi kerugian komitmen dan kontinjensi dan membebankan ke laporan laba rugi komprehensif untuk tahun yang berakhir pada tanggal 31 Desember 2011 dengan pertimbangan materialitas. n.

Aset Tetap

n.

Fixed Assets

Sejak 1 Januari 2012, Bank menerapkan PSAK No. 16 (Revisi 2011) “Aset Tetap”. Penerapan PSAK No. 16 (Revisi 2011) ini tidak mepunyai dampak signifikan terhadap pelaporan dan pengungkapan laporan keuangan.

Starting on January 1, 2012, the Bank adopted PSAK No. 16 (Revised 2011) “Fixed Assets”. The adoption of PSAK No. 16 (Revised 2011) has no significant impact on the financial reporting and disclosures in the financial statement.

Sejak 1 Januari 2013, Bank menerapkan ISAK No. 25. ISAK No. 25 menetapkan bahwa biaya pengurusan hak legal atas tanah dalam bentuk Hak Guna Usaha (“HGU”), Hak Guna Bangunan (“HGB”) dan Hak Pakai (“HP”) ketika tanah diperoleh pertama kali diakui sebagai bagian dari biaya perolehan tanah pada akun “Aset Tetap” dan tidak diamortisasi. Biaya pengurusan perpanjangan atau pembaruan legal hak atas tanah diakui sebagai aset tak berwujud dan diamortisasi sepanjang umur hukum hak atau umur ekonomi tanah, mana yang lebih pendek.

Starting on January 1, 2013, the Bank adopted ISAK No. 25. ISAK No. 25 prescribes that the legal cost of land rights in the form of Business Usage Rights (“Hak Guna Usaha” or “HGU”), Building Usage Rights (“Hak Guna Bangunan” or “HGB”) and Usage Rights (“Hak Pakai” or “HP”) when the land was acquired initially are recognized as part of the cost of the land under the “Fixed Assets” account and not amortized. The cost of the extension or renewal of legal right over land is recognized as an intangible asset and amortized over the legal life or economic life of the land, whichever is shorter.

Sementara biaya pengurusan atas perpanjangan atau pembaruan hak legal atas tanah dalam bentuk HGU, HGB dan HP diakui sebagai bagian dari akun “Beban ditangguhkan, Neto” pada laporan posisi keuangan dan diamortisasi sepanjang, mana yang lebih pendek antara umur hukum hak dan umur ekonomis tanah. Oleh karena itu, pada tanggal 1 Januari 2013, Bank mereklasifikasi biaya perolehan pertama kali hak atas tanah yang diakui sebagai bagian dari akun “Beban Ditangguhkan, Neto” ke akun “Aset Tetap – Tanah” dan amortisasinya dihentikan pada tanggal 1 Januari 2013

Meanwhile the extension or the legal renewal costs of land rights in the form of HGU, HGB and HP are recognized as part of “Deferred Charges-Net” account in the statements of financial position and are amortized over the shorter of the rights’ legal life and land’s economic life. Therefore on January 1, 2013, the Bank reclassified the initial legal costs on the acquisition of land which were recognized as “Deferred Charge-Net” to the “Fixed Assets – Land” and the amortization was discountinued on January 1, 2013.

38





Ikhtisar Kebijakan Akuntansi Penting (lanjutan) n.

2.

Aset Tetap (lanjutan)

Summary of Significant Accounting Policies (continued) n.

Fixed Assets (continued)

Aset tetap dinyatakan sebesar biaya perolehan dikurangi akumulasi penyusutan dan rugi penurunan nilai. Biaya perolehan termasuk biaya penggantian bagian aset tetap saat biaya tersebut terjadi, jika memenuhi kriteria pengakuan. Selanjutnya, pada saat pemeriksaan yang signifikan dilakukan, biaya pemeriksaan itu diakui ke dalam jumlah tercatat (carrying amount) aset tetap sebagai suatu penggantian jika memenuhi kriteria pengakuan. Semua biaya pemeliharaan dan perbaikan yang tidak memenuhi kriteria pengakuan diakui dalam laporan laba rugi komprehensif pada saat terjadinya.

Fixed assets is stated at cost less accumulated depreciation and impairment losses. Such cost includes the cost of replacing part of the fixed assets when that cost is incurred, if the recognition criteria are met. Likewise, when a major inspection is performed, its cost is recognized in the carrying amount of the fixed assets as a replacement if the recognition criteria are satisfied. All other repairs and maintenance costs that do not meet the recognition criteria are recognized in the statements of comprehensive income as incurred.

Penyusutan dihitung dengan menggunakan metode garis lurus selama umur manfaat aset tetap yang diestimasi sebagai berikut:

Depreciation is calculated on a straight-line method over the estimated useful lives of the assets as follows: Tahun/ Years

Bangunan dan prasarana bangunan Perabot kantor, peralatan kantor dan kendaraan

10-20 5-10

Buildings and building improvements Furniture and fixtures, office equipment and vehicles

Persentase/ Percentage Bangunan dan prasarana bangunan Perabot kantor, peralatan kantor dan kendaraan

5-10 10-20

Buildings and building improvements Furniture and fixtures, office equipment and vehicles

Nilai residu, umur manfaat dan metode penyusutan ditelaah, dan jika sesuai dengan keadaan, disesuaikan secara prospektif pada setiap akhir periode.

The residual values, useful lives and methods of depreciation are reviewed, and adjusted prospectively if appropriate, at each period end.

Bank melakukan penelaahan untuk menentukan adanya indikasi terjadinya penurunan nilai aset pada akhir tahun. Bank menentukan taksiran jumlah yang dapat direalisasi kembali atas semua asetnya.

The Bank evaluates any indication of asset impairment at the end of the year. The Bank determines the estimated realizable amount of its assets if there is an event or condition which indicates the asset impairment.

Hak atas tanah dinyatakan sebesar biaya perolehan dan tidak disusutkan. Sesuai dengan PSAK No.47 tentang “Akuntansi Tanah”, biaya-biaya tertentu sehubungan dengan perolehan atau perpanjangan hak atas tanah ditangguhkan dan diamortisasi selama umur hak atas tanah atau umur ekonomis tanah, periode mana yang lebih pendek, menggunakan metode garis lurus. Hak atas tanah tidak diamortisasi kecuali jika memenuhi kondisi tertentu.

Land rights are recorded at cost and are not depreciated. In accordance with SFAS No.47, “Accounting for Land”, certain expenses incurred in the acquisition or extension of the terms of the land rights are deferred and amortized over the terms of the land rights or their useful lives, whichever is shorter, using the straight line method. Land rights is not amortized unless it meets certain required conditions.


39




Ikhtisar Kebijakan Akuntansi Penting (lanjutan) o.

p.

2.

Agunan yang Diambil alih

Summary of Significant Accounting Policies (continued) o.

Agunan yang diambil alih sehubungan dengan penyelesaian pinjaman yang diberikan disajikan sebagai bagian dari akun “Aset Lainlain”. Pada saat pengakuan awal, agunan yang diambil alih dibukukan pada nilai wajar setelah dikurangi perkiraan biaya untuk menjualnya maksimum sebesar liabilitas debitur di laporan posisi keuangan. Setelah pengakuan awal, agunan yang diambil alih dibukukan sebesar nilai yang lebih rendah antara nilai tercatat dengan nilai wajarnya setelah dikurangi dengan biaya untuk menjualnya. Selisih lebih saldo kredit di atas nilai realisasi bersih dari agunan yang diambil alih dibebankan ke dalam akun cadangan kerugian.

Collaterals acquired through loan foreclosures related to the loans settlement are presented as part of “Other Assets” account. At initial recognition, foreclosed assets are stated at fair value, net of estimated costs to sell at the maximum at the borrower’s liabilities as stated the in statements of financial position. After initial recognition, foreclosed assets are recorded at the amount whichever is lower of the carrying amount and fair value, net of estimated costs to sell. The excess of the uncollectible loan balance over the value of the collateral is charged to allowance for impairment losses.

Beban-beban yang berkaitan dengan pemeliharaan agunan yang diambil alih dibebankan pada laporan laba rugi komprehensif pada saat terjadinya.

Maintenance expenses of foreclosed assets are charged to the statements of comprehensive income as incurred.

Laba atau rugi yang diperoleh atau berasal dari penjualan agunan yang diambil alih disajikan sebagai bagian dari “Pendapatan (Beban) Non-Operasional - Neto” dalam laporan laba rugi komprehensif tahun berjalan.

Gains or losses earned or incurred from the sale of foreclosed assets are presented as part of “Non-Operating Income (Expense) Others - Net” in the statements of comprehensive income for the current year.

Biaya Dibayar di Muka

p.

Prepaid Expenses Prepaid expenses are charged to operations over the period benefited and presented as part of “Other Assets” account.

Biaya dibayar di muka dibebankan pada usaha sesuai dengan masa manfaatnya dan disajikan sebagai bagian dari akun “Aset Lainlain”. q.

Foreclosed Assets

Simpanan

q.

Deposits

Simpanan adalah dana yang dipercayakan oleh nasabah (di luar bank lain) kepada Bank berdasarkan perjanjian penyimpanan dana. Simpanan terdiri dari giro, tabungan dan deposito berjangka.

Deposit are deposits of customers (excluding other banks) with the Bank based on deposit agreements. Deposits consist of demand deposits, saving deposits and time deposit.

Giro, tabungan dan deposito berjangka diakui sebesar nilai wajar pada awalnya dan selanjutnya diukur sebesar biaya perolehan diamortisasi. Biaya perolehan diamortisasi dihitung dengan memperhitungkan adanya diskonto atau premi terkait dengan pengakuan awal simpanan dan biaya transaksi yang merupakan bagian yang tak terpisahkan dari EIR.

Demand deposits, saving deposits and time deposits are initially recognized at fair value and subsequently measured at amortized cost. Amortized cost is calculated by taking into account any discount or premium related to the initial recognition of deposits and transaction costs that are an integral part of the EIR.

40





Ikhtisar Kebijakan Akuntansi Penting (lanjutan) r.

s.

2.

Simpanan dari Bank Lain

Summary of Significant Accounting Policies (continued) r.

Deposits from Other Banks

Simpanan dari bank lain terdiri dari liabilitas terhadap bank lain, baik dalam maupun luar negeri, dalam bentuk giro, tabungan, interbank call money dengan periode jatuh tempo menurut perjanjian kurang dari atau sama dengan 90 hari dan deposito berjangka.

Deposits from other banks represent liabilities to other domestic and overseas banks, in the form of demand deposits, saving deposits, interbank call money with maturity period based on agreement less than or equal to 90 days and time deposits.

Simpanan dari bank lain diakui sebesar nilai wajar pada awalnya dan selanjutnya diukur sebesar biaya perolehan diamortisasi dengan menggunakan EIR. Biaya perolehan diamortisasi dihitung dengan memperhitungkan diskonto atau premi yang terkait dengan pengakuan awal simpanan dari bank lain dan biaya transaksi yang merupakan bagian yang tidak terpisahkan dari suku bunga efektif.

Deposits from other banks are initially recognized at fair value and subsequently measured at amortized cost using the EIR. Amortized cost is calculated by taking into account any discount or premium related to the initial recognition of deposits from other bank and transaction costs that are an integral part of the EIR.

Pendapatan dan Beban Bunga

s.

Interest Income and Expense

Instrumen keuangan yang diukur pada biaya perolehan diamortisasi, aset dan liabilitas keuangan yang diklasifikasikan sebagai tersedia untuk dijual, pendapatan maupun beban bunganya diakui dengan menggunakan EIR, yaitu suku bunga yang akan mendiskonto secara tepat estimasi pembayaran atau penerimaan kas di masa datang sepanjang perkiraan umur instrumen keuangan tersebut atau, jika lebih tepat untuk masa yang lebih singkat, sebagai nilai tercatat bersih dari aset atau liabilitas keuangan tersebut. Perhitungan dilakukan dengan mempertimbangkan seluruh syarat dan ketentuan kontraktual instrumen keuangan termasuk fee/biaya tambahan yang terkait secara langsung dengan instrumen tersebut yang merupakan bagian tidak terpisahkan dari EIR.

All financial instruments measured at amortized cost, financial assets and liabilities classified as available-for-sale, its interest income and expenses is recognized using the EIR, which is the rate that exactly discounts the estimated future cash payments or receipts through the expected life of the financial instrument or a shorter period, where appropriate, to the net carrying amount of the financial asset or financial liability. The calculation takes into account all contractual terms of the financial instrument and included any fees or incremental costs that are directly attributable to the instrument and are an integral part of the EIR.

Nilai tercatat aset atau liabilitas keuangan disesuaikan jika Bank merevisi estimasi pembayaran atau penerimaan. Nilai tercatat yang disesuaikan tersebut dihitung dengan menggunakan suku bunga efektif awal dan perubahan nilai tercatat dibukukan pada laporan laba rugi komprehensif. Tetapi untuk aset keuangan yang telah direklasifikasi, dimana pada tahun berikutnya Bank meningkatkan estimasi pemulihan kas sebagai hasil dari peningkatan pengembalian penerimaan kas, dampak peningkatan pemulihan tersebut diakui sebagai penyesuaian suku bunga efektif sejak tanggal perubahan estimasi.

The carrying amount of the financial asset or liability is adjusted if the Bank revises its estimates of payments or receipts. The adjusted carrying amount is calculated using the original EIR and the change in carrying amount is recorded in the statements of comprehensive income. However, for a reclassified financial asset for which the Bank subsequently increases its estimates of future cash receipts as a result of increased recoverability of those cash receipts, the effect of that increase is recognized as an adjustment to the EIR from the date of the change in estimate.


41




Ikhtisar Kebijakan Akuntansi Penting (lanjutan) s.

t.

u.

2.

Pendapatan dan Beban Bunga (lanjutan)

Summary of Significant Accounting Policies (continued) s.

Interest Income and Expense (continued)

Ketika nilai tercatat aset keuangan atau kelompok aset keuangan serupa telah diturunkan akibat kerugian penurunan nilai, pendapatan bunga tetap diakui pada tingkat suku bunga yang digunakan untuk mendiskontokan arus kas masa mendatang dalam pengukuran kerugian penurunan nilai.

Once the recorded value of a financial asset or a group of similar financial assets has been reduced due to an impairment loss, interest income continues to be recognized using the rate of interest used to discount the future cash flows for the purpose of measuring the impairment loss.

Pinjaman yang diberikan dan aset produktif lainnya (tidak termasuk efek-efek) diklasifikasikan sebagai non-performing jika telah masuk dalam klasifikasi kurang lancar, diragukan atau macet. Sedangkan efek-efek diklasifikasikan sebagai non-performing, jika penerbit efek mengalami wanprestasi dalam memenuhi pembayaran bunga dan/atau pokok atau memiliki peringkat paling kurang 1 (satu) tingkat di bawah peringkat investasi.

Loans and other earning assets (excluding securities) are considered as non-performing when they are classifed as substandard, doubtful, or loss. While securities are categorized as non-performing when the issuer of securities defaults on its interest and/or principal payments or, if they are rated at least 1 (one) level below investment grade.

Pendapatan dan Beban Provisi dan Komisi

t.

Fees and Expense

Commissions

Income

and

Pendapatan dan beban provisi dan komisi yang jumlahnya material yang berkaitan langsung dengan kegiatan pemberian asset keuangan diakui sebagai bagian/(pengurang) atau penambah dari biaya perolehan asset keuangan yang bersangkutan dan akan diakui sebagai pendapatan dengan cara diamortisasi berdasarkan EIR sepanjang perkiraan umur aset atau liabilitas keuangan.

Fees and commissions that have material amount directly related with the acquisition of financial assets are recognized as part/(deduction) or addition of acquisition cost of related financial assets and will be recognized as income and amortized using the EIR during the expected life of financial assets or liabilities.

Saldo beban yang ditangguhkan dan pendapatan komisi atas pinjaman yang diberikan yang diakhiri atau diselesaikan sebelum jatuh tempo diakui sebagai pendapatan dari penyelesaian.

The outstanding balances of deferred fees and commission income on loans receivable terminated or settles prior to maturity are recognized as income on settlement.

Transaksi dan Saldo dalam Mata Uang Asing

u.

Foreign Currency Balances

Transactions

and

Accounting policy for transaction and balances in foreign transaction is based on BAPEPAM-LK rule No. VIII.G.7 and Guidelines for Indonesian Bank Accounting (“PAPI”). The Bank refers to PAPI where transactions involving foreieg currencied are recorded in Rupiah using the reporting (closing) rate set by Bank Indonesia that is middle rate which is the average of bid rate and ask rate based on Reuters on December 31, 2013, 2012 and 2011, respectively.

Kebijakan akuntansi atas transaksi dan saldo dalam mata uang asing didasarkan pada peraturan BAPEPAM-LK No. VIII.G.7 dan Pedoman Akuntansi Perbankan Indonesia (“PAPI”). Bank mengacu pada PAPI dimana transaksi dalam mata uang asing dicatat dalam Rupiah dengan menggunakan kurs laporan (penutupan) yang ditetapkan oleh Bank Indonesia yaitu kurs tengah yang merupakan rata-rata kurs beli dan kurs jual berdasarkan Reuters masing-masing pada tanggal 31 Desember 2013, 2012 dan 2011.

42





Ikhtisar Kebijakan Akuntansi Penting (lanjutan) u.

Transaksi dan Saldo dalam Mata Uang Asing (lanjutan)

Summary of Significant Accounting Policies (continued) u.

Foreign Currency Transactions Balances (continued)

and

Laba atau rugi kurs yang terjadi dikreditkan atau dibebankan pada laba rugi komprehensif tahun berjalan.

The resulting gains or losses are credited or charged to the statements of comprehensive income for the current year.

Pada tanggal 31 Desember 2013, 2012 dan 2011, kurs tengah mata uang asing adalah sebagai berikut:

As of December 31, 2013, 2012 and 2011, the middle rates of the foreign currencies are as follows:

2013 Dinar Kuwait Pound Sterling Inggris Euro Eropa Franc Swiss Dolar Australia Dolar Amerika Serikat Dolar Kanada Dolar Selandia Baru Dolar Singapura Dolar Brunei Darussalam Ringgit Malaysia Riyal Arab Saudi Dolar Hong Kong Yen Jepang Kroner Swedia

v.

2.

43.104,10 20.110,93 16.759,31 13.674,16 10.855,65 12.170,00 11.434,22 9.995,83 9.622,08 9.620,17 3.715,47 3.244,94 1.569,54 115,75 1.897,39

2012

2011

34.232,62 15.514,93 12.731,62 10.536,25 10.007,10 9.637,50 9.686,91 7.918,18 7.878,61 7.878,60 3.147,97 2.569,62 1.243,27 111,77 1.478,66

Imbalan Kerja

v.

32.532,68 13.975,29 11.714,76 9.631,94 9.205,78 9.067,50 8.885,35 7.000,57 6.983,55 6.976,88 2.863,00 2.417,87 1.167,23 116,82 1.308,97

Kuwait Dinar Great Britain Pound Sterling European Euro Swiss Franc Australian Dollar United States Dollar Canadian Dollar New Zealand Dollar Singapore Dollar Brunei Darussalam Dollar Malaysian Ringgit Saudi Arabian Riyal Hong Kong Dollar Japanese Yen Swedish Croner

Employee Benefits

Efektif 1 Januari, 2012, Bank menerapkan PSAK No. 24 (Revisi 2010), “Imbalan Kerja”, yang menggantikan PSAK No. 24 (Revisi 2004), “Imbalan Kerja”. Bank memilih untuk menggunakan “10% corridor method” untuk pengakuan keuntungan dan kerugian aktuaria. Adopsi PSAK revisi baru ini tidak berdampak besar terhadap laporan keuangan Bank.

Effective on January 1, 2012, the Bank adopted PSAK No. 24 (Revised 2010) “Employee Benefit”, which supersedes PSAK No. 24 (Revised 2004) ,”Employee Benefits”. The Bank has chosen to continue the use of “10% corridor method” to recognize actuarial gain and loss. The adoption of the new revised PSAK has not significant impact to the Bank’s financial statements.

Bank mencatat estimasi liabilitas imbalan kerja atas uang pesangon, uang penghargaan masa kerja dan uang penggantian hak sesuai dengan Undang-undang Ketenagakerjaan No. 13 Tahun 2003 tanggal 25 Maret 2003 (UU No. 13/2003) dan perjanjian ketenagakerjaan Bank. Keuntungan dan kerugian aktuarial diakui sebagai penghasilan atau beban apabila akumulasi keuntungan dan kerugian aktuarial bersih yang belum diakui pada akhir periode pelaporan sebelumnya melebihi jumlah yang lebih besar antara 10% dari nilai kini liabilitas imbalan kerja (the Present Value of Defined Benefit Obligation) dan 10% dari nilai wajar aset program pada tanggal tersebut. Besarnya keuntungan dan kerugian aktuarial yang berada di luar koridor 10% tersebut, diakui selama rata-rata sisa masa kerja dari para pekerja dalam program tersebut.

The Bank recognizes employee benefits obligation for severance pay, gratuity and compensation in accordance with Labor Law No. 13 Year 2003 dated March 25, 2003 (UU No. 13/2003) and the Bank’s labor agreement. Actuarial gains or losses are recognized as income or expense if the unrecognized accumulated gains or losses at the end of the prior period exceed 10% of the higher of the present value of the defined benefit obligation and 10% of fair value of the plan assets at that date. Gains or losses in excess of the 10% corridor are recognized over the average remaining service years of the employees in the program.


43




Ikhtisar Kebijakan Akuntansi Penting (lanjutan) v.

2.

Imbalan Kerja (lanjutan)

Summary of Significant Accounting Policies (continued) v.

Employee Benefits (continued) The Bank has a defined contribution plan. The benefit to be received by employees is determined based on the amount of contribution paid by the employer and employee and the investment earnings of the fund.

Bank memiliki program pensiun iuran pasti. Imbalan yang akan diterima karyawan ditentukan berdasarkan jumlah iuran yang dibayarkan pemberi kerja dan karyawan ditambah dengan hasil investasi iuran tersebut. w. Beban Pajak

w. Income Tax

Efektif tanggal 1 Januari 2012, Bank menerapkan PSAK No. 46 (Revisi 2010), yang mensyaratkan Bank untuk mencatat bunga dan denda untuk kekurangan/kelebihan pembayaran pajak penghasilan, jika ada, sebagai bagian dari “Beban (Manfaat) Pajak Penghasilan - Tahun Berjalan” dalam laporan laba rugi komprehensif.

Effective January 1, 2012, the Bank applied PSAK No. 46 (Revised 2010), which requires the Bank to present interest and penalties for the underpayment/overpayment of income tax, if any, as part of “Income Tax Expense (Benefit) - Current” in the statement of comprehensive income.

Beban pajak periode berjalan dihitung berdasarkan taksiran penghasilan kena pajak dalam tahun yang bersangkutan. Aset dan liabilitas pajak tangguhan diakui untuk semua perbedaan temporer antara nilai aset dan liabilitas yang tercatat di laporan posisi keuangan dengan dasar pengenaan pajak atas aset dan liabilitas tersebut pada setiap tanggal pelaporan. Manfaat pajak di masa datang seperti rugi menurut pajak yang belum digunakan (bila ada), diakui apabila besar kemungkinan bahwa manfaatnya masih dapat direalisasikan di masa yang akan datang.

Current tax expense is provided based on the estimated taxable income for the year. Deferred tax assets and liabilities are recognized for temporary differences between the financial and the tax bases of assets and liabilities at each reporting date. Future tax benefits, such as the carryforward of unused tax losses (if any), are recognized to the extent that realization of such benefits in the future is probable.

Aset dan liabilitas pajak tangguhan dihitung dengan menggunakan tarif pajak yang diharapkan akan diterapkan pada periode ketika aset direalisasi atau ketika liabilitas diselesaikan berdasarkan tarif pajak (dan peraturan-peraturan perpajakan) yang berlaku atau secara substansial telah diberlakukan pada tanggal laporan posisi keuangan. Perubahan pada nilai buku dari aset dan liabilitas pajak tangguhan dikarenakan adanya perubahan dalam tarif pajak dibebankan pada operasi tahun berjalan, kecuali untuk transaksi-transaksi yang terkait dengan transaksi yang sebelumnya telah dibebankan ataupun dikreditkan ke ekuitas.

Deferred tax assets and liabilities are measured at the tax rate that are expected to apply to the period when the asset is realized or the liability is settled, based on tax rates (and tax regulations) that have been enacted or substantively enacted at the statements of financial position date. Change in the carrying amounts of deferred tax assets and liabilities due to a change in tax rate is charged to current year operations, except to the extent that it relates to items previously charged or credited to equity.

Jumlah tercatat aset pajak tangguhan ditelaah pada setiap tanggal neraca dan nilai tercatat aset pajak tangguhan tersebut diturunkan apabila tidak lagi terdapat kemungkinan besar bahwa laba fiskal yang memadai akan tersedia untuk mengkompensasi sebagian atau semua manfaat aset pajak tangguhan.

The carrying amount of deferred tax assets is reviewed at each reporting date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the benefit of the deferred tax assets to be utilized.

44





Ikhtisar Kebijakan Akuntansi Penting (lanjutan)

2.

w. Beban Pajak (lanjutan)

Summary of Significant Accounting Policies (continued) w. Income Tax (continued) Amendment to tax obligations is recorded when an assessment is received or, if objected or appealed against by the Bank, when the result of the objection or appeal is determined.

Perubahan liabilitas pajak dicatat pada saat ketetapan pajak diterima atau dicatat pada saat keberatan/banding diterima, apabila Bank mengajukan keberatan atau melakukan banding. x.

Transaksi restrukturisasi antara entitas sepengendali

x.

Restructuring transactions entities under common control

among

Sejak tanggal 1 Januari 2013, Bank menerapkan secara prospektif PSAK No. 38, “Kombinasi Bisnis Entitas Sepengendali”, yang menggantikan PSAK No. 38 (Revisi 2004), “Akuntansi Restrukturisasi Entitas Sepengendali”, kecuali atas saldo selisih nilai transaksi restrukturiasi entitas sepengendali yang diakui sebelumnya, disajikan sebagai bagian dari “Tambahan Modal Disetor” dalam bagian ekuitas. PSAK No. 38 mengatur tentang akuntansi kombinasi bisnis entitas sepengendali, baik untuk entitas yang menerima bisnis maupun untuk entitas yang melepas bisnis.

Starting January 1, 2013, the Bank prospectively adopted PSAK No. 38,“Business Combinations of Entities Under Common Control”, which supersedes PSAK No. 38 (Revised 2004), “Accounting for Restructuring of Entities Under Common Control”, except for the previously recognized difference in value of restructuring transactions of entities under common control, are presented as “Additional Paid-in Capital” in the equity section. PSAK No. 38 prescribes the accounting for business combinations of entities under common control, for both the entity which receiving the business and the entity which disposing the business.

Dalam PSAK No. 38, pengalihan bisnis antara entitas sepengendali tidak mengakibatkan perubahan substansi ekonomi kepemilikan atas bisnis yang dialihkan dan tidak dapat menimbulkan laba atau rugi bagi Bank secara keseluruhan ataupun bagi entitas individual dalam Bank tersebut. Karena pengalihan bisnis antara entitas sepengendali tidak mengakibatkan perubahan substansi ekonomi, bisnis yang dipertukarkan dicatat pada nilai buku sebagai kombinasi bisnis dengan menggunakan metode penyatuan kepemilikan.

Under PSAK No. 38 transfer of business within entities under common control does not result in a change of the economic substance of ownership of the business being transferred and would not result in a gain or loss to the Bank or to the individual entity within the Bank. Since the transfer of business of entities under common control does not result in a change of the economic substance, the business being exchanged is recorded at book values as a business combination using the pooling-of-interests method.

Dalam menerapkan metode penyatuan kepemilikan, komponen laporan keuangan dimana terjadi kombinasi bisnis dan untuk periode lain yang disajikan untuk tujuan perbandingan, disajikan sedemikian rupa seolah-olah kombinasi bisnis telah terjadi sejak awal periode terjadi sepengendalian. Selisih antara nilai tercatat transaksi kombinasi bisnis dan jumlah imbalan yang dialihkan diakui dalam akun “Tambahan Modal Disetor Neto”.

In applying the pooling-of-interests method, the components of the financial statements for the period during which the restructuring occurred and for other periods presented, for comparison purposes, are presented in such a manner as if the restructuring has already happened since the beginning of the periods during which the entities were under common control. The difference between the carrying amounts of the business combination transaction and the consideration transferred is recognized under the account “Additional Paid-in Capital - Net”.


45




Ikhtisar Kebijakan Akuntansi Penting (lanjutan) y.

Pertimbangan dan yang Signifikan

Estimasi

2.

Akuntansi

Summary of Significant Accounting Policies (continued) y.

Judgments and Significant Accounting Estimates

Dalam proses penerapan kebijakan akuntansi Bank, Manajemen telah melakukan pertimbangan dan estimasi profesional dalam menentukan jumlah yang diakui dalam laporan keuangan. Pertimbangan dan estimasi profesional yang signifikan adalah sebagai berikut:

In the process of applying the Bank’s accounting policies, Management has exercised professional judgment and made estimates in determining the amounts recognized in the financial statements. The most significant uses of the professional judgment and estimates are as follows:

Usaha yang berkelanjutan

Going concern

Manajemen Bank telah melakukan penilaian atas kemampuan Bank untuk melanjutkan kelangsungan usahanya dan berkeyakinan bahwa Bank memiliki sumber daya untuk melanjutkan usahanya di masa mendatang. Selain itu, Manajemen menyadari adanya ketidakpastian material yang dapat menimbulkan keraguan yang signifikan terhadap kemampuan Bank untuk melanjutkan kelangsungan usahanya. Oleh karena itu, laporan keuangan telah disusun atas dasar usaha yang berkelanjutan.

The Bank’s management has made an assessment of the Bank’s ability to continue as a going concern and is satisfied that the Bank has the resources to continue in business for foreseeable future. Furthermore, the Management is realized of any material uncertainties that may cost significant doubt upon the Bank’s ability to continue as a going concern. Therefore, the financial statements continue to be prepared on a going concern basis.

Nilai wajar atas instrumen keuangan

Fair value of financial instruments

Bila nilai wajar aset keuangan dan liabilitas keuangan yang tercatat pada laporan posisi keuangan tidak tersedia di pasar aktif, nilainya ditentukan dengan menggunakan berbagai teknik penilaian termasuk penggunaan model matematika. Masukan (input) untuk model ini berasal dari data pasar yang bisa diamati sepanjang data tersebut tersedia, namun bila data pasar yang bisa diamati tersebut tidak tersedia, digunakan pertimbangan manajemen untuk menentukan nilai wajar.

When the fair values of financial assets and financial liabilities recorded on the statements of financial position cannot be derived from active markets, they are determined using a variety of valuation techniques that include the use of mathematical models. The inputs to these models are derived from observable market data where possible, but where observable market data are not available, management judgment is required to establish fair values.

Pertimbangan manajemen tersebut mencakup pertimbangan likuiditas dan masukan model seperti volatilitas untuk transaksi derivatif yang berjangka panjang dan tingkat diskonto, tingkat pelunasan dipercepat dan asumsi tingkat gagal bayar.

Management judgments include considerations of liquidity and model inputs such as volatility for long term derivatives and discount rates, early payment rates and default rate assumptions.

46






Pertimbangan dan Estimasi yang Signifikan (lanjutan)

2.

Akuntansi


Judgments and Significant Accounting Estimates (continued)

Nilai wajar atas instrumen keuangan (lanjutan)

Fair value (continued)

Mulai 1 Januari 2012, dalam rangka penerapan PSAK No. 60, Bank dan entitas anak menampilkan nilai wajar atas instrumen keuangan berdasarkan hirarki nilai wajar sebagai berikut:

Starting January 1, 2012 upon the adoption of PSAK No. 60, the Bank and subsidiaries present the fair value of financial instruments based on the following fair value hierarchy:

·

·

·

Tingkat 1: diperoleh dari harga pasar aktif untuk aset atau liabilitas keuangan yang identik; Tingkat 2: teknik valuasi untuk seluruh input yang memiliki efek signifikan terhadap nilai wajar yang diakui dapat diobservasi baik secara langsung atau tidak langsung; dan Tingkat 3: teknik valuasi yang menggunakan seluruh input yang memiliki dampak signifikan terhadap nilai wajar tercatat yang tidak didasarkan pada data pasar yang dapat diobservasi.

·

·

·

of

financial

instruments

Level 1: quoted (unadjusted) prices in active markets for identical financial assets or liabilities; Level 2: valuation techniques for which all inputs which have a significant effect on the recorded fair value are observable either directly or indirectly; and Level 3: valuation techniques which use inputs that have a significant effect on the recorded fair value that are not based on observable market data.

Penurunan nilai kredit yang diberikan

Impairment losses on loans

Pada setiap tanggal laporan posisi keuangan, Bank menelaah kredit yang diberikan untuk menilai apakah penurunan nilai harus dicatat dalam laporan laba rugi komprehensif. Secara khusus, pertimbangan manajemen diperlukan dalam estimasi jumlah dan waktu arus kas di masa mendatang ketika menentukan penurunan nilai. Dalam estimasi arus kas tersebut, Bank melakukan penilaian atas kondisi keuangan peminjam dan nilai realisasi bersih agunan. Estimasi tersebut didasarkan pada asumsi dari sejumlah faktor dan hasil aktual mungkin berbeda, sehingga mengakibatkan perubahan penyisihan di masa mendatang.

The Bank reviews its loans at each statements of financial position date to assess whether an impairment loss should be recorded in the statements of comprehensive income. In particular, judgment by management is required in the estimation of the amount and timing of future cash flows when determining the impairment loss. In estimating these cash flows, the Bank makes judgment about the borrower’s financial situation and the net realizable value of collateral. These estimates are based on assumptions about a number of factors and actual results may differ in future changes to the allowance.

Penurunan nilai efek yang tersedia untuk dijual

Impairment in value of available-for-sale securities

Bank menelaah efek yang diklasifikasikan sebagai tersedia untuk dijual pada setiap tanggal laporan posisi keuangan untuk menilai apakah telah terjadi penurunan nilai. Penilaian tersebut menggunakan pertimbangan yang sama seperti yang diterapkan pada penilaian secara individual atas kredit yang diberikan.

The Bank reviews securities which are classified as available-for-sale at each financial position date to assess whether impairment has occurred. The assessment uses the same considerations as applied to individual assessment on loans.


47






2.

Akuntansi



Aset pajak tangguhan

Deferred tax assets

Aset pajak tangguhan diakui atas jumlah pajak penghasilan terpulihkan (recoverable) pada periode mendatang sebagai akibat perbedaan temporer. Justifikasi manajemen diperlukan untuk menentukan jumlah aset pajak tangguhan yang dapat diakui, sesuai dengan perkiraan waktu dan tingkat laba fiskal di masa mendatang sejalan dengan strategi rencana perpajakan ke depan.

Deferred tax assets are recognized for the future recoverable taxable income arising from temporary difference. Management judgement is required to determine the amount of deferred tax assets that can be recognized, based upon the likely timing on level of future taxable profits together with future tax planning strategics.

Klasifikasi aset dan liabilitas keuangan

Classification of financial assets and financial liabilities

Bank menetapkan klasifikasi aset dan liabilitas tertentu sebagai aset keuangan dan liabilitas keuangan dengan mempertimbangkan apakah definisi yang ditetapkan PSAK No. 55 (Revisi 2006) dipenuhi. Dengan demikian, aset keuangan dan liabilitas keuangan diakui sesuai dengan kebijakan akuntansi Bank seperti diungkapkan pada Catatan 2c.

The Bank determines the classifications of certain assets and liabilities as financial assets and financial liabilities by judging if they meet the definition set forth in PSAK No. 55 (Revised 2006). Accordingly, the financial assets and financial liabilities are accounted for in accordance with the Bank’s accounting policies disclosed in Note 2c.

Imbalan kerja

Employee benefits

Penentuan liabilitas imbalan kerja Bank bergantung pada pemilihan asumsi yang digunakan oleh aktuaris independen dan manajemen Bank dalam menghitung jumlahjumlah tersebut. Asumsi tersebut termasuk antara lain, tingkat diskonto, tingkat kenaikan gaji tahunan, tingkat pengunduran diri karyawan tahunan, tingkat kecacatan, umur pensiun dan tingkat kematian.

The determination of the Bank’s employee benefits liabilities is dependent on its selection of certain assumptions used by the independent actuaries and the Bank’s management in calculating such amounts. Those assumptions include among others, discount rates, future annual salary increase, annual employee turn-over rate, disability rate, retirement age and mortality rate.

Penyusutan aset tetap

Depreciation of fixed assets

Biaya perolehan aset tetap disusutkan dengan menggunakan metode garis lurus berdasarkan taksiran masa manfaat ekonomisnya. Manajemen mengestimasi masa manfaat ekonomis aset tetap antara 5 sampai dengan 20 tahun.

The costs of fixed assets are depreciated on a straight-line method over their estimated useful lives. Management estimates the useful lives of these fixed assets to be within 5 to 20 years.

Perubahan tingkat pemakaian dan perkembangan teknologi dapat mempengaruhi masa manfaat ekonomis dan nilai sisa aset, dan karenanya biaya penyusutan masa depan mungkin direvisi.

Changes in the expected level of usage and technological development could impact the economic useful lives and the residual values of these assets, and therefore future depreciation charges could be revised.

48






3.


2.

Akuntansi

y.


Pajak penghasilan

Income tax

Bank mengakui liabilitas atas pajak penghasilan badan berdasarkan estimasi apakah akan terdapat tambahan pajak penghasilan badan.

The Bank recognize liabilities for corporate income tax based on estimation of whether additional corporate income tax will be due.

Kas

3.

Cash This account consists of:

Akun ini terdiri dari: 2013

2012

2011

Rupiah Mata uang asing Dolar Amerika Serikat Dolar Singapura

575.652

370.219

340.509

44.211 42.211

27.953 20.253

19.760 16.595

Rupiah Foreign currencies United States Dollar Singapore Dollar

Total

662.074

418.425

376.864

Total

Kas dalam Rupiah termasuk uang pada mesin Anjungan Tunai Mandiri (ATM) sejumlah Rp15.752, Rp23.712 dan Rp15.866 masingmasing pada tanggal 31 Desember 2013, 2012 dan 2011. 4.

Summary of Significant Accounting Policies (continued)

Cash in Rupiah includes cash in Automatic Teller Machines (ATM) amounting to Rp15,752 Rp23,712 and Rp15,866 as of December 31, 2013, 2012 and 2011, respectively.

Giro pada Bank Indonesia

4.

Akun ini terdiri dari:

Current Accounts with Bank Indonesia This account consists of:

2013

2012

2011

Rupiah Dolar Amerika Serikat ($AS117.928.000, $AS121.303.000 dan $AS112.891.000 masing-masing pada tanggal 31 Desember 2013, 2012 dan 2011)

3.324.978

2.878.330

2.529.508

1.435.184

1.169.058

1.023.639

Rupiah United States Dollar (US$117,928,000; US$121,303,000 and US$112,891,000 as of December 31, 2013, 2012 and 2011, respectively)

Total

4.760.162

4.047.388

3.553.147

Total

Berdasarkan Peraturan Bank Indonesia (PBI) No.15/15/PBI/2013 pada tanggal 24 Desember 2013, efektif per tanggal 31 Desember 2013, Bank wajib memenuhi Giro Wajib Minimum (GWM) primer dalam Rupiah sebesar 8% dari DPK Rupiah, GWM primer dalam valuta asing sebesar 8% dari DPK dalam valuta asing dan GWM sekunder dalam Rupiah sebesar 4% dari DPK Rupiah.


Based on the Bank Indonesia’s regulation (PBI) No.15/15/PBI/2013 dated December 24, 2013, starting on December 31, 2013, Bank is required to comply minimum primary reserves in Rupiah and in United States Dollar of 8% and secondary reserves in Rupiah of 4%

49




Giro pada Bank Indonesia (lanjutan)

4.

Current Accounts (continued)

with

Bank

Indonesia

Sebelumnya, berdasarkan PBI No.15/7/PBI/2013 pada tanggal 26 September 2013 perihal “Perubahan Kedua Atas Peraturan Bank Indonesia Nomor 12/19/PBI/2010 Tentang Giro Wajib Minimum (GWM) Bank Umum Pada Bank Indonesia dalam Rupiah dan Valuta Asing”, Bank wajib memenuhi GWM sekunder yang telah disesuaikan dari 2,5% menjadi 3% dari dana pihak ketiga mulai tanggal 1 Oktober 2013, 3,5% mulai tanggal 1 November 2013 dan 4% mulai tanggal 2 Desember 2013.

Previously, based on the PBI No.15/7/PBI/2013 dated September 26, 2013 regarding “The Secondary Amendment of Bank Indonesia Regulation No. 12/19/PBI/2010 regarding Minimum Statutory Reserves of Commercial Banks with Bank Indonesia in Rupiah and Foreign Currencies", the Bank is required to comply secondary reserve requirements from 2.5% becoming 3% of third party funds, starting on October 1, 2013, at 3.5% starting on November 1, 2013 and at 4% starting on December 2, 2013.

Efektif mulai tanggal 2 Desember 2013 pemenuhan kewajiban GWM Loan to Deposit Ratio (LDR) disesuaikan dengan menurunkan batas atas GWM LDR dari 100% menjadi kisaran 78% - 92%.

Effective on December 2, 2013, liability fulfillment of the Loan to Deposit Ratio (LDR) adjusted by lowering the upper limit of the LDR from 100% becoming 78% - 92% in range.

Efektif mulai tanggal 1 Oktober 2013, Sertifikat Deposito BI (SDBI) diperhitungkan sebagai komponen GWM Sekunder.

Effective starting on October 1, 2013, Deposit Certificate of Bank Indonesia (SDBI) appraised as GWM secondary component.

Rasio GWM pada tanggal 31 Desember 2013, dihitung berdasarkan PBI tersebut di atas, sedangkan rasio GWM pada tanggal 31 Desember 2012 dan 2011 dihitung berdasarkan PBI No. 13/10/PBI/2011 tanggal 9 Februari 2011 tentang “Perubahan Atas PBI No. 12/19/PBI/2010 tanggal 4 Oktober 2010 tentang GWM Bank Umum Pada Bank Indonesia Dalam Rupiah dan Valuta Asing”. Mulai tanggal 1 Maret 2011 sampai dengan tanggal 31 Mei 2011, GWM dalam valuta asing ditetapkan sebesar 5% dari dana pihak ketiga dalam valuta asing dan mulai tanggal 1 Juni 2011, GWM dalam valuta asing ditetapkan sebesar 8% dari dana pihak ketiga dalam valuta asing.

The statutory reserves ratio as of December 31, 2013 is calculated based on abovementioned PBI, while for statutory reserves ratio as of 2012 and 2011 are calculated based on PBI No. 13/10/PBI/2011 dated February 9, 2011, regarding “Changes on PBI No. 12/19/PBI/2010 dated October 4, 2010 regarding Minimum Statutory Reserves of Commercial Banks with Bank Indonesia in Rupiah and Foreign Currencies”.Starting March 1, 2011 until May 31, 2011, GWM in foreign currencies is set at 5% of the total third party funds in foreign currencies and starting June 1, 2011, GWM in foreign currencies is set at 8% of total third party funds in foreign currencies.

Sesuai dengan ketentuan Bank Indonesia tersebut di atas, Bank harus memenuhi persyaratan GWM utama dalam Rupiah dan Dolar Amerika Serikat masing-masing sebesar 8%. Bank juga harus memenuhi persyaratan GWM sekunder masingmasing untuk tahun 2012 dan 2011 sebesar 2,5% dalam rupiah.

Based on the above Bank Indonesia regulations, the Bank is required to maintain minimum primary reserves in Rupiah and in United States Dollar of 8%, respectively. The Bank is also required to maintain secondary reserves in Rupiah of 2.5% as of 2012 and 2011.

Giro Wajib Minimum Bank adalah sebagai berikut:

The Bank’s Minimum Reserve Requirements are as follows:

2013 Rupiah Utama Rupiah Sekunder Dolar Amerika Serikat

2012 8,12% 9,06% 8,22%

2011 8,10% 7,75% 8,10%

8,10% 13,74% 8,31%

Primary Rupiah Secondary Rupiah United States Dollar

The Bank’s Minimum Reserve Requirement as of December 31, 2013, 2012 and 2011 have complies with the Bank Indonesia regulation.

Giro Wajib Minimum Bank pada tanggal 31 Desember 2013, 2012 dan 2011 telah memenuhi ketentuan Bank Indonesia.

50





Giro pada Bank Lain

5.

Giro pada bank lain terdiri dari: Jenis Giro pada Bank Lain

Current Accounts with Other Banks Current accounts with other banks consist of:

2013

Pihak ketiga Rupiah: PT Bank Central Asia Tbk. Lain-lain (masing-masing di bawah Rp2.000) Sub-total - Pihak ketiga - Rupiah Mata uang asing: PT Bank Mandiri Tbk (Persero) JP Morgan Chase Bank, Amerika Serikat Bank of China Ltd, Jakarta The Royal Bank of Scotland, Belanda ANZ Bank Ltd., Australia Deutsche Bank, Frankfurt Unicredit Bank AG, Jerman Bank of Tokyo - Mitsubishi UFJ, Jepang ANZ National Bank, Selandia Baru National Australia Bank, Australia Citibank N.A., Amerika Serikat Danske Stockholm Bank, Swedia Canadian Imperial Bank of Commerce, Kanada Union Bank of Switzerland, Zurich Bank of New York, Amerika Serikat Bangkok Bank, Inggris Lain-lain (masing-masing di bawah Rp2.000) Sub-total - Pihak ketiga Mata uang asing Total - Pihak ketiga Pihak berelasi (Catatan 34) Mata uang asing: United Overseas Bank Ltd., Singapura

2012

Types of Current Accounts with Other Banks

2011

Third parties Rupiah: PT Bank Central Asia Tbk.

26.114

15.164

6.852

1.012

979

1.178

Others (below Rp2,000 each)

27.126

16.143

8.030

Sub-total - Third parties - Rupiah

288.136

10

10

164.543 121.731

149.398 25

139.843 -

36.275 36.023 34.969 18.727

55.408 38.632 22.241

41.133 78.907 16.309

18.289

82.427

11.281

6.487

12.586

20.860

4.450

2.856

1.501

2.725

2.141

3.187

2.526

3.766

392

1.057

747

4.077

974

1.576

8.326

-

-

128.470 2.482

2.521

1.829

2.151

739.433

373.642

458.929

Sub-total - Third parties Foreign currencies

766.559

389.785

466.959

Total - Third parties

Foreign currencies: PT Bank Mandiri Tbk (Persero) JP Morgan Chase Bank, United States of America Bank of China Ltd, Jakarta The Royal Bank of Scotland, Netherlands ANZ Bank Ltd., Australia Deutsche Bank, Frankfurt Unicredit Bank AG, Germany Bank of Tokyo - Mitsubishi UFJ, Japan ANZ National Bank, New Zealand National Australia Bank, Australia Citibank N.A., United States of America Danske Stockholm Bank, Sweden Canadian Imperial Bank of Commerce, Canada Union Bank of Switzerland, Zurich Bank of New York, United States of America Bangkok Bank, Great Britain Others (below Rp2,000 each)

322.122

420.176

146.064

United Overseas Bank, Inggris

33.694

53.081

35.283

United Overseas Bank, Jepang

36.445

31.995

17.117

1.411

1.478

357

United Overseas Bank, Australia

623

504

460

United Overseas Bank, Malaysia

46

39

36

Related parties (Note 34) Foreign Currencies: United Overseas Bank Ltd., Singapore United Overseas Bank Ltd., Great Britain United Overseas Bank Ltd., Japan United Overseas Bank Ltd., Hong Kong United Overseas Bank Ltd., Australia United Overseas Bank Ltd., Malaysia

394.341

507.273

199.317

Total - Related parties

1.160.900

897.058

666.276

Total current accounts with other banks

United Overseas Bank, Hong Kong

Total - Pihak berelasi Total giro pada bank lain


51




Giro pada Bank Lain (lanjutan)

5.

Rupiah Mata uang asing

2012 0,35% 0%

0,35% 0%

6.

Pihak ketiga Rupiah: Fasilitas Simpanan Bank Indonesia Term Deposit Bank Indonesia Call Money: PT Indonesia Exim Bank, Jakarta PT BPD Jawa Barat dan Banten, Tbk PT Bank Bukopin, Tbk PT Bank Mega Jakarta PT ANZ Bank, Indonesia Bank of Tokyo - Mitsubishi UFJ, Indonesia PT Bank OCBC NISP, Tbk PT Bank Commonwealth, Indonesia PT Bank Rabobank International Indonesia PT Bank Negara Indonesia (Persero), Tbk PT Bank Pan Indonesia, Tbk PT Bank DBS Indonesia Citibank, Indonesia JP Morgan Chase, Indonesia PT Bank Chinatrust, Indonesia Mata uang asing: Term Deposit Bank Indonesia Call money: PT Bank Rakyat Indonesia, Tbk (SAS50.000.000) PT Bank Mizuho Indonesia ($AS3.000.000) PT Bank Internasional Indonesia Tbk. ($AS25.000.000) PT Bank Mega, Tbk ($AS35.000.000) Total - Pihak ketiga

0,32% 0%

Rupiah Foreign currency

Placements with Bank Indonesia and Other Banks Placements with Bank Indonesia and other banks consist of:

Penempatan pada Bank Indonesia dan bank lain terdiri dari: 2013

Banks

The Bank’s management believes that as of December 31, 2013, 2012 and 2011, current accounts with other banks are classified as current and not impaired.

Penempatan pada Bank Indonesia dan Bank Lain

Jenis Penempatan

Other

2011

Manajemen Bank berpendapat bahwa pada tanggal 31 Desember 2013, 2012 dan 2011, giro pada bank lain digolongkan lancar dan tidak mengalami penurunan nilai. 6.

with

The annual average interest rate for current accounts with other banks are as follows:

Suku bunga rata-rata tahunan untuk giro pada bank lain adalah sebagai berikut: 2013

Current Accounts (continued)

2012

2011

1.608.000

14.000

-

1.494.904

360.000

-

110.000 100.000 50.000 -

50.000 90.000 100.000

-

100.000 75.000

-

30.000

-

16.000

-

-

578.250

608.500

-

36.510

-

-

48.187

-

48.188

2.873.010

2.644.529

52

Description

1.547.000

Third parties Rupiah: Deposit Facilities of Bank Indonesia

398.270 Term Deposits of Bank Indonesia Call Money: PT Indonesia Exim Bank, Jakarta PT BPD Jawa Barat dan 24.000 Banten, Tbk PT Bank Bukopin, Tbk PT Bank Mega Jakarta PT ANZ Bank, Indonesia Bank of Tokyo - Mitsubishi 180.000 UFJ, Indonesia 72.000 PT Bank OCBC NISP, Tbk PT Bank Commonwealth, 26.000 Indonesia PT Bank Rabobank International Indonesia PT Bank Negara Indonesia 262.000 (Persero), Tbk 110.000 PT Bank Pan Indonesia, Tbk 80.000 PT Bank DBS Indonesia 40.000 Citibank, Indonesia 40.000 JP Morgan Chase, Indonesia 30.000 PT Bank Chinatrust, Indonesia Foreign currencies: - Term Deposits of Bank Indonesia Call money: PT Bank Rakyat Indonesia (US$50,000,000) PT Bank Mizuho Indonesia (US$3,000,000) PT Bank Internasional Indonesia, Tbk. (US$25,000,000) PT Bank Mega, Tbk. (US$35,000,000) 2.809.270

Total - Third parties





Penempatan pada Bank Indonesia dan Bank Lain (lanjutan)

6.

Penempatan pada Bank Indonesia dan bank lain terdiri dari: (lanjutan) Jenis Penempatan

2013

Placements with Bank Indonesia and Other Banks (continued) Placements with Bank Indonesia and other banks consist of: (continued)

2012

2011

Description

Pihak berelasi (Catatan 34) Mata uang asing: Call Money United Overseas Bank Ltd., Singapura

246.966

105.075

280.294

Related parties (Note 34) Foreign currencies: Call Money United Overseas Bank Ltd., Singapore

Total - Pihak berelasi

246.966

105.075

280.294

Total - Related parties

3.119.976

2.749.604

3.089.564

Total placements with Bank Indonesia and Other Banks

Total penempatan pada Bank Indonesia dan Bank Lain

The annual average interest rate for placement with Bank Indonesia and Other Banks are as follows:

Suku bunga rata-rata tahunan untuk penempatan pada Bank Indonesia dan Bank Lain adalah sebagai berikut: 2013 Rupiah Mata uang asing

2012

2011

3,50% 0,20%

3,90% 1,13%

4,62% 1,39%


The details of placements with Bank Indonesia and other banks based on the type of placements and remaining maturities are as follows:

Rincian penempatan pada Bank Indonesia dan bank lain berdasarkan jenis penempatan dan sisa umur sampai dengan jatuh tempo adalah sebagai berikut: 2013 Penempatan pada Bank Indonesia/ Placements with Bank Indonesia

Call Money

Total

Rupiah < 1 bulan

1.608.000

620.000

2.228.000

Rupiah < 1 month

Total Rupiah

1.608.000

620.000

2.228.000

Total Rupiah

Mata uang asing < 1 bulan

-

891.976

891.976

Foreign currencies < 1 month

Total Mata Uang Asing

-

891.976

891.976

Total Foreign Currencies

1.608.000

1.511.976

3.119.976

Total Placements with Bank Indonesia and Other Banks

Total Penempatan pada Bank Indonesia dan Bank Lain


53




Penempatan pada Bank Indonesia dan Bank Lain (lanjutan)

6.

Placements with Bank Indonesia and Other Banks (continued)

2012 Penempatan pada Bank Indonesia/ Placements with Bank Indonesia

Call Money

Total

Rupiah < 1 bulan > 1 bulan

913.092 595.812

461.000 -

1.374.092 595.812

Total Rupiah

1.508.904

461.000

1.969.904

Total Rupiah

Rupiah < 1 month > 1 month


578.250

201.450

779.700



578.250

201.450

779.700


2.087.154

662.450

2.749.604



2011 Penempatan pada Bank Indonesia/ Placements with Bank Indonesia

Call Money

Total

Rupiah < 1 bulan > 1 bulan

1.547.000 398.270

864.000 -

2.411.000 398.270

Total Rupiah

1.945.270

864.000

2.809.270

Total Rupiah

Rupiah < 1 month > 1 month


-

280.294

280.294



-

280.294

280.294


1.945.270

1.144.294

3.089.564



Tidak terdapat penempatan pada Bank lain yang diblokir pada tanggal-tanggal 31 Desember 2013, 2012 dan 2011.

There were no placement with other banks pledged as of December 31, 2013, 2012 and 2011.

Manajemen Bank berpendapat bahwa pada tanggal 31 Desember 2013, 2012 dan 2011, penempatan pada bank lain digolongkan lancar dan tidak mengalami penurunan nilai.

The Bank’s management believes that as of December 31, 2013, 2012 and 2011, placements with other banks are classified as current and not impaired.

54





Efek-efek yang Diperdagangkan

7.

Efek-efek yang diperdagangkan terdiri dari:

Trading Securities Trading securities consist of:

2013 Mata Uang Asing/ Foreign Currencies

Rupiah

Total

Efek-efek yang diperdagangkan Sertifikat Bank Indonesia Obligasi Pemerintah

538.154 1.986

38.168

538.154 40.154

Trading securities Certificates of Bank Indonesia Government Bonds

Total efek-efek yang diperdagangkan

540.140

38.168

578.308

Total trading securities

2012

Rupiah Efek-efek yang diperdagangkan Sertifikat Bank Indonesia Obligasi Pemerintah Surat Perbendaharaan Negara Total efek-efek yang diperdagangkan

2011

Mata Uang Asing/ Foreign Currencies

Total


Rupiah

Total Trading securities

555.324 2.655

2.362

555.324 5.017

1.126.663 144.332

30.807

1.126.663 175.139

Certificates of Bank Indonesia Government Bonds

61.191

-

61.191

-

-

-

State Treasury Notes

619.170

2.362

621.532

1.270.995

30.807

1.301.802

Total trading securities

Pada tanggal 31 Desember 2013, efek-efek yang diperdagangkan adalah efek-efek yang diterbitkan oleh pemerintah dan dikategorikan tanpa peringkat, berupa Sertifikat bank Indonesia dan obligasi pemerintah.

As of December 31, 2013, trading securities are the securities that issued by government and categorized as non-rated, in the form of Certificate of Bank Indonesia and government bonds.

Pada tanggal 31 Desember 2012 dan 2011, seluruh efek-efek yang diperdagangkan adalah efek-efek yang diterbitkan oleh pemerintah dan dikategorikan tanpa peringkat, yang terdiri dari Sertifikat Bank Indonesia, obligasi pemerintah dan Surat Perbendaharaan Negara (SPN).

As of December 31,, 2012 and 2011 all trading securities are the securities that issued by government and categorized as non-rated, which consist of Certificate of Bank Indonesia, government bonds and State Treasury Notes (SPN).

Pada tanggal 31 Desember 2013, 2012 dan 2011, seluruh efek-efek yang diperdagangkan digolongkan lancar dan tidak mengalami penurunan nilai.

As of December 31, 2013, 2012 and 2011, all trading securities are classified as current and not impaired.

Rincian efek-efek diperdagangkan berdasarkan sisa umur sampai dengan jatuh tempo terdapat pada Catatan 37.

The details of trading securities based on remaining maturities can be referred to Note 37.


55




Investasi Keuangan

8.

Financial Investments Financial investments consist of:

Investasi keuangan terdiri dari: 2013 Mata Uang Asing/ Foreign Currencies

Rupiah

Total

Efek-efek yang tersedia untuk dijual Sertifikat Bank Indonesia Obligasi Pemerintah Surat Perbendaharaan Negara Sukuk Retail Medium Term Notes

2.297.795 124.448 400.308 298.619 201.956

1.651.524 -

2.297.795 1.775.972 400.308 298.619 201.956

Available-for-sale securities Certificates of Bank Indonesia Government Bonds State Treasury Notes Retail Islamic Bonds Medium Term Notes

Total efek-efek yang tersedia untuk dijual

3.323.126

1.651.524

4.974.650

Total available-for-sale securities

85.744

586.258

672.002

Held-to-maturity securities Export bills

3.408.870

2.237.782

5.646.652

Total financial investments

Efek-efek yang dimiliki hingga jatuh tempo Wesel ekspor berjangka Total investasi keuangan Cadangan penurunan nilai

(98)

Neto

(612)

3.408.722

2.237.170

2012

Rupiah Efek-efek yang tersedia untuk dijual Sertifikat Bank Indonesia Obligasi Pemerintah Surat Perbendaharaan Negara Sukuk Retail Medium Term Notes Total efek-efek yang tersedia untuk dijual Efek-efek yang dimiliki hingga jatuh tempo Wesel ekspor berjangka Total investasi keuangan Cadangan penurunan nilai Neto

(710)


5.645.942

Net

2011*


Total

Rupiah


Total

667.777 650.706

777.054

667.777 1.427.760

2.534.964 432.265

1.164.522

2.534.964 1.596.787

193.997 585.732 207.826

-

193.997 585.732 207.826

19.904 -

-

19.904 -

2.306.038

777.054

3.083.092

2.987.133

1.164.522

4.151.655

Available-for-sale securities Certificates of Bank Indonesia Government Bonds State Treasury Notes Retail Islamic Bonds Medium Term Notes Total available-for-sale securities Held-to-maturity securities

49.581

210.174

259.755

219.611

183.652

403.263

2.355.619

987.228

3.342.847

3.206.744

1.348.174

4.554.918

(122) 2.355.497

(518 ) 986.710

(640) 3.342.207

* Investasi keuangan yang tersedia untuk dijual pada tanggal 31 Desember2011 termasuk efek-efek yang dijual dengan janji dibeli kembali.

(2.196 ) 3.204.548

(1.837) 1.346.337

(4.033) 4.550.885

Export bills Total financial investments Allowance for impairment losses Net

* The available-for-sale financial investments as of December 31, 2011, includes securities sold under repurchase agreements.

56





Investasi Keuangan (lanjutan) a.

8.

Investasi keuangan yang tersedia untuk dijual pada tanggal 31 Desember 2013, 2012 dan 2011 adalah sebagai berikut: 2013 Nilai Wajar Rupiah Sertifikat Bank Indonesia Obligasi Pemerintah Medium Term Note Surat Perbendaharaan Negara Sukuk Ritel

2012

The available-for-sale financial investments as of December 31, 2013, 2012 and 2011 are as follows: 2011*

2.297.795 124.448 201.956

667.777 650.706 207.826

2.534.964 1.596.787 -

400.308 298.619

193.997 585.732

19.904 -

State Treasury Notes Retail Sukuk

Sub - Total

3.323.126

2.306.038

4.151.655

Sub - Total

Mata Uang Asing Obligasi Pemerintah

1.651.524

777.054

-

Foreign currencies Government Bonds

4.974.650

3.083.092

4.151.655

Total

Investasi keuangan yang tersedia untuk dijual pada tanggal 31 Desember 2013, 2012 dan 2011 adalah sebagai berikut: 2013

c.

a.

Fair Value Rupiah Certificates of Bank Indonesia Government Bonds Medium Term Note

Total

b.

Financial Investments (continued)

b.

2012

Harga Perolehan Diskonto yang belum diamortisasi (Kerugian) keuntungan yang belum direalisasi

5.203.065 8.118

Total

4.974.650

The available-for-sale financial investments as of December 31, 2013, 2012 and 2011 are as follows: 2011*

2.960.509 74.759

4.030.143 117.276

Cost Unamortized Discount

47.824

4.236

Unrealized (loss) gain

3.083.092

4.151.655

Total

(236.533)

Medium term note merupakan obligasi dari PT Mandiri Tunas Finance yang tidak memiliki peringkat.

c.

Klasifikasi investasi keuangan yang dimiliki hingga jatuh tempo berdasarkan sisa umur sebelum cadangan kerugian penurunan nilai adalah sebagai berikut:

The medium term note issued by PT Mandiri Tunas Finance is not rated.

The classification of held-to-maturity financial investments based on the remaining maturities before allowance for impairment losses is as follows: 2013

Rupiah


Total

< 1 bulan > 1 bulan < 3 bulan > 3 bulan < 6 bulan

67.355 18.389 -

279.964 156.652 149.642

347.319 175.041 149.642

> 1 month < 3 months > 3 months < 6 months

Total

85.744

586.258

672.002

Total

* Investasi keuangan yang tersedia untuk dijual pada tanggal 31 Desember 2011 termasuk efek-efek yang dijual dengan janji dibeli kembali.


*

57

< 1 month

The available-for-sale financial investments as of December 31, 2011, includes securities sold under repurchase agreements.




Investasi Keuangan (lanjutan)

8.

Klasifikasi investasi keuangan yang dimiliki hingga jatuh tempo berdasarkan sisa umur sebelum cadangan kerugian penurunan nilai adalah sebagai berikut: (lanjutan)

Financial Investments (continued) The classification of held-to-maturity financial investments based on the remaining maturities before allowance for impairment losses is as follows: (continued)

2012

Rupiah

2011


Total

Rupiah


Total

< 1 bulan > 1 bulan < 3 bulan > 3 bulan < 6 bulan > 6 bulan

28.840 20.741 -

144.543 63.234 2.397 -

173.383 83.975 2.397 -

34.290 184.905 416

164.015 14.108 5.529 -

198.305 199.013 5.529 416

< 1 month > 1 month < 3 months > 3 months < 6 months > 6 months

Total

49.581

210.174

259.755

219.611

183.652

403.263

Total

Rincian investasi keuangan berdasarkan sisa umur sampai dengan jatuh tempo terdapat pada Catatan 38.

The details of financial investment based on remaining maturities can be referred to Note 38.

Ikhtisar perubahan cadangan kerugian penurunan nilai investasi keuangan adalah sebagai berikut:

The changes in the allowance for impairment losses on financial investments are as follows:

2013 Saldo awal tahun (Pemulihan) penambahan cadangan selama tahun berjalan Selisih kurs penjabaran Saldo akhir tahun

2012

2011

640

4.033

2.508

(413) 483

(3.420) 27

1.363 162

Beginning balance (Reversal of) provison for allowance during the year Foreign exchange translation

4.033

Ending Balance

710

640

Pada tanggal 31 Desember 2013, 2012 dan 2011, kolektibilitas seluruh investasi keuangan digolongkan lancar.

As of December 31, 2013, 2012 and 2011, the collectability of all financial investments is classified as current.

Manajemen Bank berpendapat bahwa jumlah cadangan penurunan nilai adalah cukup untuk menutup kemungkinan kerugian penurunan nilai atas tidak tertagihnya investasi keuangan.

The Bank’s management believes that the allowance for impairment losses is adequate to cover possible impairment losses from uncollectible financial investments.

Suku bunga tahunan investasi keuangan dalam Rupiah berkisar antara 4,89% sampai dengan 12,08% pada tahun 2013, 4,24% sampai dengan 10,58% pada tahun 2012 dan antara 5,04% sampai dengan 12,00% pada tahun 2011, sedangkan suku bunga tahunan investasi keuangan dalam mata uang asing berkisar antara 1,34% sampai dengan 10,38% pada tahun 2013, 1,21% sampai dengan 10,38% pada tahun 2012 dan antara 3,26% sampai dengan 8,25% pada tahun 2011.

The annual interest rates of financial investments in Rupiah range from 4.89% to 12.08% in 2013, from 4.24% to 10.58% in 2012 and from 5.04% to 12.00% in 2011, and the annual interest rates of financial investments in foreign currencies range from 1.34% to 10.38% in 2013, from 1.21% to 10.38% in 2012 and from 3.26% to 8.25% in 2011.

Tidak terdapat investasi keuangan dengan pihakpihak berelasi pada tanggal 31 Desember 2013, 2012 dan 2011.

There are no financial investments to related parties as of December 31, 2013, 2012 and 2011.

58





Tagihan dan Liabilitas Derivatif

9.

Ikhtisar tagihan dan liabilitas derivatif adalah sebagai berikut:

Derivatives Receivable and Payable The summaries of derivatives receivable and payable are as follows:

2013

Jenis Forward jual $AS Forward beli $AS Swap suku bunga jual Rp $AS Swap suku bunga beli Rp $AS

Nilai Nosional (Kontrak) (Ekuivalen Rupiah)/ Notional Value (Contract) (Equivalent Rupiah)

Tagihan Derivatif/ Derivatives Receivable

Liabilitas Derivatif/ Derivatives Payable

Type

674.770

3.893

2.930

1.186.423

4.500

2.134

220.878 1.561.867

1.668 9.786

850 18.582

7.840 141.172

178 -

1.259

Swap valuta asing suku bunga jual Rp $AS

86.607 634.874

40.363 1.432

147.723

Swap valuta asing suku bunga beli Rp $AS

454.263 995.148

288.461

180.543 10

Forward sold US$ Forward bought US$ Interest rate swap sold IDR US$ Interest rate swap bought IDR US$ Cross currency interest rate swap sold IDR US$ Cross currency interest rate swap bought IDR US$

350.281

354.031

Total

Total

2012

Jenis Forward jual $AS Forward beli $AS Swap suku bunga jual Rp $AS Swap suku bunga beli Rp $AS




Type

222.193

2.066

1.451

488.414

922

2.829

163.725 3.190.408

4.531 22.735

2.263 27.819

11.760 158.055

793 -

1.960


186.682 551.850

26.152 -

45.684


568.594 956.290

56.283

34.145 -

Forward sold US$ Forward bought US$ Interest rate swap sold IDR US$ Interest rate swap bought IDR US$ Cross currency interest rate swap sold IDR US$ Cross currency interest rate swap bought IDR US$

113.482

116.151

Total

Total


59




Tagihan dan Liabilitas Derivatif (lanjutan)

9.


Receivable

and

Payable

2011

Jenis Forward jual $AS Forward beli $AS Swap suku bunga jual Rp $AS Swap suku bunga beli $AS




Type

641.280

4.419

2.319

334.563

109

1.726

55.826 3.946.184

1.419 27.733

579 32.101

192.231

-

1.066


293.508 665.840

24.887 -

30.204


645.404 1.011.958

24.037

14.010 -

Forward sold US$ Forward bought US$ Interest rate swap sold IDR US$ Interest rate swap bought US$ Cross currency interest rate swap sold IDR US$ Cross currency interest rate swap bought IDR US$

82.604

82.005

Total

Total

Rincian tagihan dan liabilitas derivatif berdasarkan sisa umur sampai dengan jatuh tempo terdapat pada Catatan 37.

The details of financial investment based on remaining maturities can be referred to Note 37.

Dalam kegiatan normal bisnis, Bank melakukan transaksi derivatif tertentu untuk memenuhi kebutuhan spesifik nasabahnya dan dalam rangka pengelolaan likuiditas dan posisi lindung nilai. Bank memiliki kebijakan pengelolaan risiko dan limit yang ditentukan untuk mengendalikan risiko nilai tukar dan suku bunga. Perubahan variabel risiko pasar dimonitor secara aktif dalam rapat ALCO (Asset and Liability Committee) yang dijadikan acuan dalam menentukan strategi Bank.

In the normal course of the business, the Bank enters into some derivatives transaction to meet the specific needs of its customers, as well as to manage its liquidity and hedging position. The Bank has its own risk management policy and the risk amount limit in controlling the foreign exchange and interest rate risks. The changes in variable market risk are actively monitored in the ALCO (Asset and Liability Committee) meeting, whereby the changes serve as the benchmark in determining the Bank’s strategies.

Pada tanggal 31 Desember 2013, 2012 dan 2011, Bank memiliki posisi di beberapa tipe instrumen derivatif sebagai berikut:

As of December 31, 2013, 2012 and 2011, the Bank has positions in the following types of derivative instruments:

Pertukaran forward

Forward exchange

Kontrak pertukaran forward adalah perjanjian untuk membeli atau menjual suatu mata uang asing pada kurs dan tanggal tertentu. Transaksi tersebut dilakukan di over-the-counter market. Secara spesifik, Bank mengadakan transaksi ini dengan tujuan untuk mengendalikan risiko nilai tukar. Jangka waktu perjanjian untuk transaksi pertukaran forward yang dilakukan oleh Bank berkisar antara 7 hari - 10 bulan.

Forward exchange contracts are contractual agreements to buy or sell a foreign currency at specified rates and on certain dates. These transactions are conducted in the over-thecounter market. Specifically, the Bank enters into this transaction with the objective to control the exchange rate risk. The period of contract for forward exchange transactions undertaken by the Bank ranged between 7 days - 10 months.

60





Tagihan dan Liabilitas Derivatif (lanjutan)

9.


Receivable

and

Payable

Swap suku bunga

Interest rate swap

Perjanjian swap suku bunga merupakan perjanjian kontraktual antara dua pihak untuk menukarkan pergerakan tingkat suku bunga dan untuk melakukan suatu pembayaran yang didasarkan pada suatu situasi tertentu dan jumlah nosional tertentu. Secara spesifik, Bank mengadakan transaksi tersebut dengan tujuan untuk melindungi nilai pergerakan arus kas di masa depan, terkait dengan pendapatan bunga atas pinjaman yang diberikan kepada debitur (debitur perusahaan dan debitur perorangan yang telah digabungkan) dalam Rupiah dan pendapatan bunga dari efek tersedia untuk dijual dalam mata uang Dolar Amerika Serikat. Periode perjanjian untuk swap suku bunga yang dilakukan oleh Bank berkisar antara 1 tahun 10 tahun.

Interest rate swap contracts are contractual agreements between two parties to exchange movements of interest rates and to make payments with respect to defined credit events based on specified notional amount. Specifically, the Bank has enters into these contracts to hedge its future interest cash flows on its interest income from Rupiah loan receivables from customers (corporate and individual at a pool basis) and its interest income from United States Dollar denominated available-for-sale securities. The contract period for the interest rate swap transacted by the Bank is between 1 year - 10 years.

Swap valuta asing suku bunga

Cross currency interest rate swap

Perjanjian swap valuta asing suku bunga merupakan perjanjian kontraktual antara dua pihak untuk menukarkan aliran kas dari pokok kredit dan pembayaran bunganya dalam denominasi mata uang yang berbeda. Periode perjanjian untuk swap valuta asing suku bunga yang dilakukan oleh Bank berkisar antara 1 tahun - 5 tahun.

Cross currency interest rate swap are contractual agreements between two parties to exchange cash flows from loan principal and interest payments which are in different denominations. The contract period for the cross currency interest rate swap transacted by the Bank is between 1 year - 5 years.

Transaksi-transaksi tersebut di atas tidak diperlakukan sebagai transaksi lindung nilai yang efektif untuk tujuan akuntansi. Perubahan nilai wajar dari instrumen derivatif tersebut dikreditkan atau dibebankan dalam laporan laba rugi komprehensif tahun berjalan.

The above transactions are not treated as effective hedging for accounting purposes. The changes in the fair value of the derivative instruments are credited or charged to the statements of comprehensive income in the current year.

Pada tanggal 31 Desember 2013, 2012 dan 2011, tagihan derivatif digolongkan lancar dan tidak mengalami penurunan nilai.

As of December 31, 2013, 2012 and 2011, derivatives receivable are classified as current and not impaired.

10. Kredit yang Diberikan 1)

10. Loans

Jenis kredit yang diberikan

1)

By type of loan

2013 Pihak Ketiga/ Third Parties Rupiah Investasi Promes Rekening koran Pemilikan rumah Angsuran Sindikasi Kartu kredit


Pihak Berelasi (Catatan 34)/ Related Parties (Note 34)

10.602.739 8.946.349 8.479.851 4.604.034 3.748.919 1.040.062 1.012.412

15.483 960 52.931 7.158

61

Total 10.618.222 8.946.349 8.480.811 4.656.965 3.748.919 1.040.062 1.019.570

Rupiah Investment Promissory notes Current accounts Housing Installment Syndicated Credit card



PT BANK UOB INDONESIA CATATAN ATAS LAPORAN KEUANGAN Tahun yang Berakhir pada Tanggal-tanggal 31 Desember 2013, 2012 dan 2011 (Disajikan dalam Jutaan Rupiah, Kecuali Dinyatakan Lain) 10. Kredit yang Diberikan (lanjutan) 1)

10. Loans (continued)

Jenis kredit yang diberikan (lanjutan)

1)

By type of loan (continued)

2013 Pihak Ketiga/ Third Parties Rupiah (lanjutan) Multiguna Kendaraan bermotor Tetap Lain-lain

Mata Uang Asing Investasi Promes Angsuran Sindikasi Pemilikan rumah Lain-lain

Total Cadangan kerugian penurunan nilai

Mata Uang Asing Promes Investasi Sindikasi Angsuran Pemilikan rumah Lain-lain

Total Cadangan kerugian penurunan nilai Neto

8.137 6.480 93

872.192 34.175 65.538 1.514.922

40.906.483

91.242

40.997.725

2.680.468 2.457.047 2.004.187 261.804 155 3.498.286

316.420 -

2.996.888 2.457.047 2.004.187 261.804 155 3.498.286

10.901.947

316.420

11.218.367

51.808.430

407.662

52.216.092

(492)

51.463.270

Pihak Ketiga/ Third Parties

Total

864.055 27.695 65.538 1.514.829

(345.160)

Neto

Rupiah Rekening koran Promes Investasi Pemilikan rumah Angsuran Kartu kredit Tetap Multiguna Sindikasi Kendaraan bermotor Lain-lain


407.170

Total Allowance for impairment losses

51.870.440 2011



Total

Foreign currencies Investment Promissory notes Installment Syndicated Housing Others

(345.652)

2012


Rupiah (continued) Multi-purpose Motor vehicles Fixed Others

Net

Total

7.487.214 8.334.325 8.929.760 4.199.830 3.892.724 864.785 88.126 508.361 735.702

479 15.412 45.355 2.794 12.416 -

7.487.693 8.334.325 8.945.172 4.245.185 3.892.724 867.579 88.126 520.777 735.702

6.978.240 7.743.190 6.900.598 3.518.806 3.328.021 956.785 613.146 349.612 44.346

3.457 8.900 13.947 27.793 2.726 5.482 -

6.981.697 7.752.090 6.914.545 3.546.599 3.328.021 959.511 613.146 355.094 44.346

22.042 1.460.488

6.543 -

28.585 1.460.488

19.090 903.340

5.388 121

24.478 903.461

36.523.357

82.999

36.606.356

31.355.174

67.814

31.422.988

1.919.862 1.866.847 725.099 1.302.462 276 2.292.156

265.725 -

1.919.862 2.132.572 725.099 1.302.462 276 2.292.156

1.827.251 2.147.935 1.112.664 897.502 370 1.661.589

16.322 268.619 1.668

1.843.573 2.416.554 1.112.664 897.502 370 1.663.257

8.106.702

265.725

8.372.427

7.647.311

286.609

7.933.920

44.630.059

348.724

44.978.783

39.002.485

354.423

39.356.908

(502.136) 44.127.923

(741) 347.983

(502.877) 44.475.906

62

(487.686) 38.514.799

(3.445) 350.978

(491.131) 38.865.777

Rupiah Current accounts Promissory notes Investment Housing Installment Credit card Fixed Multi-purpose Syndicated Motor vehicles Others

Foreign currencies Promissory notes Investment Syndicated Installment Housing Others

Total Allowance for impairment losses Net






Sektor ekonomi

2) 2013

3)

By economic sector

2012

2011

Industri Pengolahan Perdagangan besar dan eceran Rumah Tangga Real estate dan jasa usaha Transportasi, pergudangan, dan komunikasi Penyedia Akomodasi Konstruksi Pertambangan dan Penggalian Pertanian, perburuan dan kehutanan Listrik, air dan gas Jasa Kemasyarakatan Jasa Kesehatan Perantara Keuangan Perikanan Jasa Pendidikan Jasa Perorangan Lainnya

14.739.398 13.406.448 6.611.424 4.500.020

12.703.837 12.049.495 4.774.416 3.490.450

10.241.145 10.995.988 3.926.706 3.615.147

4.400.098 3.337.955 2.868.536 803.411

4.023.748 2.646.185 2.170.845 733.032

3.460.568 1.873.861 1.768.188 911.123

Processing Industry Wholesale and retail Household sector Real estate and business service Transportation, warehousing, and communication Accommodation provider Construction Mining and excavation

722.977 373.906 240.689 62.856 53.826 43.270 30.078 11.336 9.864

587.039 361.186 236.056 54.901 170.133 50.289 17.788 11.648 897.735

520.071 234.765 229.175 65.230 440.622 47.035 15.850 12.140 999.294

Agriculture, hunting and forestry Electricity, water and gas Social Service Health service Financial intermediaries Fishery Educational service Personal Service Others


52.216.092

44.978.783

39.356.908

Total

Neto

51.870.440

(345.652)

(502.877) 44.475.906

Jangka waktu a.

3)

Berdasarkan perjanjian kredit 2013 Rupiah < 1 tahun < 1 tahun < 2 tahun < 2 tahun < 5 tahun > 5 tahun

Mata uang asing < 1 tahun < 1 tahun < 2 tahun < 2 tahun < 5 tahun > 5 tahun

Total Cadangan kerugian penurunan nilai Neto


(491.131) 38.865.777

Based on loan agreement 2011

11.579.759 7.665.317 5.472.829 16.279.820

17.037.446 945.427 8.396.381 10.227.102

15.324.695 1.018.382 7.633.833 7.446.078

40.997.725

36.606.356

31.422.988

5.789.828 180.795 955.859 4.291.885

4.084.595 72.278 1.992.306 2.223.248

3.246.583 88.306 3.087.611 1.511.420

11.218.367

8.372.427

7.933.920

52.216.092

44.978.783

39.356.908

(345.652) 51.870.440

(502.877) 44.475.906

63

Net

By Terms a.

2012


(491.131) 38.865.777

Rupiah

< 1 year < 1 year < 2 years < 2 years < 5 years

> 5 years

Foreign currencies < 1 year < 1 year < 2 years < 2 years < 5 years > 5 years






Jangka waktu (lanjutan) b.

3)

Berdasarkan sisa umur jatuh tempo 2013 Rupiah < 1 tahun < 1 tahun < 2 tahun < 2 tahun < 5 tahun > 5 tahun

b. Based on remaining maturities 2012

2011

19.385.789 2.566.641 10.047.707 8.997.588

17.981.354 2.261.879 9.474.656 6.888.467

16.185.878 2.334.022 7.963.888 4.939.200

40.997.725

36.606.356

31.422.988

6.021.401 379.255 4.219.035 598.676

4.206.890 358.259 3.033.312 773.966

3.419.403 290.266 3.501.377 722.874

11.218.367

8.372.427

7.933.920


52.216.092

44.978.783

39.356.908

Neto

51.870.440

Mata uang asing < 1 tahun < 1 tahun < 2 tahun < 2 tahun < 5 tahun > 5 tahun

4)

By Terms (continued)

Kolektibilitas Indonesia

menurut

(345.652)

Peraturan 2013

Rupiah Lancar Dalam perhatian khusus Kurang lancar Diragukan Macet

(502.877) 44.475.906

Bank

4) 2012

(491.131) 38.865.777

30.449.694 444.684 37.353 50.595 440.662

40.997.725

36.606.356

31.422.988

11.095.410 6.403 16.004 100.550

8.300.293 16.768 14.704 40.662

7.817.446 42.054 74.420

11.218.367

8.372.427

7.933.920


52.216.092

44.978.783

39.356.908

Neto

51.870.440

(502.877) 44.475.906

64

Foreign currencies < 1 year < 1 year < 2 years < 2 years < 5 years > 5 years


2011

35.437.391 410.634 70.633 204.169 483.529

(345.652)

< 1 year < 2 years < 2 years < 5 years > 5 years

Collectability based on Bank Indonesia Regulation

39.853.560 411.196 107.228 81.532 544.209

Mata uang asing Lancar Dalam perhatian khusus Kurang lancar Diragukan Macet

Rupiah

< 1 year

(491.131) 38.865.777

Rupiah Current Special Mention Sub-standard Doubtful Loss

Foreign currencies Current Special Mention Sub-standard Doubtful Loss





PT BANK UOB INDONESIA CATATAN ATAS LAPORAN KEUANGAN Tahun yang Berakhir pada Tanggal-tanggal 31 Desember 2013, 2012 dan 2011 (Disajikan dalam Jutaan Rupiah, Kecuali Dinyatakan Lain) 10. Kredit yang Diberikan (lanjutan)


Berikut ini adalah informasi lainnya sehubungan dengan kredit yang diberikan:

The significant information relating to loans are as follows:

a.

Kredit yang diberikan dijamin dengan deposito, agunan yang diikat dengan hak tanggungan atau surat kuasa untuk menjual atau mencairkan dan jaminan lain yang umumnya dapat diterima oleh Bank.

a.

Loans are secured by time deposits, registered mortgages over collateral or power of attorney to sell or to liquidate and by other guarantees generally acceptable to the Bank.

b.

Giro sejumlah Rp96.904, Rp132.710 dan Rp175.621 masing-masing pada tanggal 31 Desember 2013, 2012 dan 2011, digunakan sebagai jaminan atas kredit yang diberikan dan fasilitas bank lainnya (Catatan 15).

b.

Demand deposits amounting to Rp96,904 Rp132,710 and Rp175,621 as of December 31, 2013, 2012 and 2011, respectively, are pledged as collateral for loans and other bank facilities (Note 15).

c.

Tabungan sejumlah Rp77.461, Rp109.849 dan Rp43.603 masing-masing pada tanggal 31 Desember 2013, 2012 dan 2011, digunakan sebagai jaminan atas kredit yang diberikan (Catatan 16).

c.

Savings deposits amounting to Rp77,461, Rp109,849 and Rp43,603, as of December 31, 2013, 2012 and 2011, respectively, are pledged as collateral for loans (Note 16).

d.

Deposito berjangka sejumlah Rp4.519.821, Rp3.007.126 dan Rp4.437.576 masing-masing pada tanggal 31 Desember 2013, 2012 dan 2011, digunakan sebagai jaminan atas kredit yang diberikan (Catatan 17).

d.

Time deposits amounting to Rp4,519,821, Rp3,007,126 and Rp4,437,576, as of December 31, 2013, 2012 and 2011, respectively, are pledged as collateral for loans (Note 17).

e.

Suku bunga kontraktual rata-rata tahunan untuk kredit adalah sebagai berikut:

e.

The average contractual annual interest rate for loans are as follows:

2013 Rupiah Mata uang asing

2012

11,36% 5,63%

2011 10,98% 5,28%

11,53% 4,78%


f.

Kredit yang diberikan kepada karyawan antara lain merupakan kredit untuk pembelian rumah dan kendaraan. Kredit kepada karyawan tersebut dikenakan bunga sesuai ketentuan Bank yang lebih rendah dari suku bunga kredit yang diberikan Bank kepada nasabah bukan karyawan dengan jumlah masing-masing sebesar Rp325.990, Rp277.513 dan Rp194.362 pada tanggal 31 Desember 2013, 2012 dan 2011.

f.

Loans to employees represent, among others, housing and car loans. These loans granted to employees bear a lower interest rates than interest rate charged to nonemployee which amounted to Rp325,990, Rp277,513 and Rp194,362 as of December 31, 2013, 2012 and 2011, respectively.

g.

Pada tanggal 31 Desember 2013, 2012 dan 2011, jumlah kredit yang direstrukturisasi masing-masing sebesar Rp213.404, Rp52.319, dan Rp71.521, dengan cadangan kerugian penurunan nilai yang dibentuk masing-masing sebesar Rp4.003, Rp6.488 dan Rp9.589. Bentuk restrukturisasi kredit merupakan perpanjangan jatuh tempo. Tidak ada kerugian yang timbul dari restrukturisasi kredit tersebut dan Bank tidak memiliki komitmen untuk memberikan tambahan kredit kepada nasabah-nasabah tersebut.

g.

As of December 31, 2013, 2012 and 2011, total restructured loans amounting to Rp213,404, Rp52,319 and Rp71,521, respectively, are provided with allowance for impairment losses of Rp4,003, Rp6,488 and Rp9,589, respectively. The restructuring of loans represents extension of maturity dates. There are no losses resulting from those loans restructured and the Bank does not have any commitments to grant additional loans to these customers.


65





Restrukturisasi kredit berdasarkan jenis kredit yang diberikan 2013 Rupiah Angsuran Investasi Promes Rekening koran Multiguna Pemilikan rumah

2011 20.310 11.734 19.111 1.014 150

32.006 11.262 300 442 345

151.136

52.319

44.355

53.991 8.277

-

17.346 9.820

62.268

-

27.166

213.404

52.319

71.521

(6.488)

(9.589)

45.831

61.932

Cadangan kerugian penurunan nilai Neto

2012

105.525 31.665 10.000 3.872 74

Mata Uang Asing Investasi Promes

Total

Restructured loan by type of loan

(4.003) 209.401

Restrukturisasi kredit berdasarkan Kolektibilitas menurut Peraturan Bank Indonesia 2013 Rupiah Lancar Dalam perhatian khusus Kurang lancar Diragukan Macet

h.

Foreign currencies Investment Promissory notes


Restructured loan by collectability based on Bank Indonesia Regulation 2012

2011

139.542 2.253 9.341

21.753 18.552 2.815 9.199

28.369 10.049 1.500 4.436

151.136

52.319

44.354

52.317 1.674 8.277

-

21.740 5.427

62.268

-

27.167


213.404

52.319

71.521

(6.488)

(9.589)

Neto

209.401

45.831

61.932

Mata uang asing Lancar Dalam perhatian khusus Kurang lancar Diragukan Macet

Rupiah Installment Investment Promissory notes Current accounts Multi-purpose Housing

(4.003)

h.

Kredit yang telah dihentikan pembebanan bunganya (kredit non-performing/NPL) pada tanggal 31 Desember 2013, 2012 dan 2011 masing-masing sebesar Rp849.523, Rp813.697 dan Rp603.030.

66

Rupiah Current Special Mention Sub-standard Doubtful Loss

Foreign currencies Current Special Mention Sub-standard Doubtful Loss


Non-Performing Loans (NPL) amounted to Rp849,523, Rp813,697 and Rp603,030 as of December 31, 2013, 2012 and 2011, respectively.






Rasio NPL kotor (NPL Gross) pada tanggal 31 Desember 2013, 2012 dan 2011 masingmasing sebesar 1,63%, 1,81% dan 1,53% dari total kredit (NPL Gross), sedangkan rasio NPL neto (NPL Net) masing-masing sebesar 1,15%, 1,13% dan 1,17% dari jumlah kredit. Rasio NPL neto dihitung sesuai dengan peraturan Bank Indonesia. Berdasarkan peraturan Bank Indonesia No. 15/2/PBI/2013 tanggal 20 Mei 2013, rasio kredit bermasalah bank umum secara neto adalah maksimal sebesar 5% dari jumlah kredit. i.

Gross NPL ratio as of December 31, 2013, 2012 and 2011 represents 1.63%, 1.81% and 1.53% of the total loans, respectively, and net NPL ratio represents 1.15%, 1.13% and 1.17% of the total loans, respectively. Net NPL ratio is calculated in accordance with Bank Indonesia Regulation. Based on Bank Indonesia Regulation No. 15/2/PBI/2013 dated May 20, 2013, net NPL ratio should not exceed 5% of a bank’s total loans.

i.

Ikhtisar perubahan cadangan kerugian penurunan nilai kredit yang diberikan adalah sebagai berikut: 2013 Saldo awal tahun Penyisihan (pemulihan) selama tahun berjalan Penerimaan kembali kredit yang telah dihapusbukukan Penghapusbukuan selama tahun berjalan Selisih kurs penjabaran Saldo akhir tahun

2012

502.877

The changes in the allowance for impairment losses of loans are as follows: 2011

491.131

405.199

(70.811)

83.580

209.210

29.573

24.401

17.607

(133.090) 17.103

(100.592) 4.357

(142.302) 1.417

345.652

502.877

491.131

Beginning balance Provision (reversal) during the year Recovery of loans previously written-off Loans written-off during the year Foreign exchange translation Ending balance

The Bank’s management believes that the allowance for impairment losses on loans is adequate to cover any possible losses on uncollectible loans.

Manajemen Bank berpendapat bahwa jumlah cadangan penurunan nilai di atas adalah cukup untuk menutup kemungkinan kerugian atas tidak tertagihnya kredit yang diberikan. j.

Keikutsertaan Bank sebagai anggota sindikasi terhadap jumlah seluruh kredit sindikasi yang diberikan berkisar antara 4,00% sampai dengan 25,00% untuk tahun 2013, 5,00% sampai dengan 40,00% untuk tahun 2012 dan 2,30% sampai dengan 33,33% untuk tahun 2011.

j.

The participation of the Bank’s as a member of a syndicated loans in the total syndicated loans ranged from 4.00% to 25.00% for 2013, 5.00% to 40.00% for 2012 and 2.30% to 33.33% for 2011.

k.

Rasio kredit usaha kecil terhadap jumlah kredit yang diberikan adalah 0,98% pada tahun 2013, 0,92% pada tahun 2012 dan 1,57% pada tahun 2011.

k.

The ratio of loans to small business to the total loans is 0.98% in 2013, 0.92% in 2012 and 1.57% in 2011.

l.

Pada tanggal 31 Desember 2013, Bank menilai penurunan nilai secara individual untuk kategori kredit non-performing/NPL, kecuali kartu kredit. Pada tanggal 31 Desember 2012 dan 2011, Bank menilai penurunan nilai secara individual untuk kredit di atas Rp12 miliar.

l.

As of December 31, 2013, Bank assessed the individual impairment for credit nonperforming/NPL category, except for credit card. As of December 31, 2012 and 2011, Bank assessed the individual impairment for credit above Rp12 billion.


67





m. Pada tanggal 31 Desember 2013, 2012 dan 2011, Bank telah mematuhi ketentuan Batas Maksimum Pemberian Kredit (BMPK), baik terhadap pihak-pihak berelasi maupun kepada pihak yang tidak berelasi.

m. As of December 31, 2013, 2012 and 2011, the Bank is in compliance with the legal lending limit (BMPK) regulations, both for the related and non-related party borrowers.

11. Tagihan dan Liabilitas Akseptasi

11. Acceptances Receivable and Liabilities

Tagihan dan liabilitas akseptasi merupakan akseptasi wesel impor atas dasar letters of credit berjangka yang berasal dari nasabah pihak ketiga dengan rincian berdasarkan:

Acceptances receivable and payable represent acceptances arising from import bills, supported by letters of credit, which are received from third party customers, with details as follows:

1.

1.

Berdasarkan mata uang a.

Tagihan Akseptasi

a. 2013

b.

2012

2011

1.556.061 246.960 27.044 15.196 -

1.162.747 184.081 50.061 12.939 -

1.018.141 308.987 61.883 42.372 40.618

United States Dollar Rupiah European Euro Japanese Yen Swiss Franc


1.845.261

1.409.828

1.472.001

Total

Neto

1.843.155

(2.106)

(3.326)

(15.125)

1.406.502

Liabilitas Akseptasi


1.456.876

b. 2012

Net

Acceptances Liabilities 2011

Dolar Amerika Serikat Rupiah Euro Eropa Yen Jepang Franc Swiss

1.556.061 246.960 27.044 15.196 -

1.157.449 169.308 50.061 12.939 -

1.018.141 308.987 61.883 42.372 40.618

United States Dollar Rupiah European Euro Japanese Yen Swiss Franc

Total

1.845.261

1.389.757

1.472.001

Total

Berdasarkan jangka waktu a.

Acceptances Receivable

Dolar Amerika Serikat Rupiah Euro Eropa Yen Jepang Franc Swiss

2013

2.

Based on type of currency

2.

Tagihan Akseptasi

a. 2013

Rupiah < 1 bulan > 1 bulan < 3 bulan > 3 bulan

Based on period

2012

Acceptances Receivable 2011

45.861 143.388 57.711

54.857 90.875 38.349

45.998 234.187 28.802

246.960

184.081

308.987

68

Rupiah < 1 month > 1 month < 3 months > 3 months




PT BANK UOB INDONESIA CATATAN ATAS LAPORAN KEUANGAN Tahun yang Berakhir pada Tanggal-tanggal 31 Desember 2013, 2012 dan 2011 (Disajikan dalam Jutaan Rupiah, Kecuali Dinyatakan Lain) 11. Tagihan dan Liabilitas Akseptasi (lanjutan) 2.

11. Acceptances (continued)

Berdasarkan jangka waktu (lanjutan) a.

Tagihan Akseptasi (lanjutan)

Mata uang asing < 1 bulan > 1 bulan < 3 bulan > 3 bulan < 6 bulan > 6 bulan

2012

2011 684.157 310.308 227.467 3.815

327.369 328.831 476.279 30.535

1.598.301

1.225.747

1.163.014


1.845.261

1.409.828

1.472.001

Neto

1.843.155

(3.326)

(15.125)

1.406.502

Liabilitas Akseptasi

Rupiah < 1 bulan > 1 bulan < 3 bulan > 3 bulan

Mata uang asing < 1 bulan > 1 bulan < 3 bulan > 3 bulan < 6 bulan > 6 bulan

Total

2012

Saldo akhir tahun

45.998 234.187 28.802

246.960

169.308

308.987

594.809 695.878 302.315 5.299

683.343 306.816 226.475 3.815

327.369 328.831 476.279 30.535

1.598.301

1.220.449

1.163.014

1.845.261

1.389.757

1.472.001

Net

Rupiah < 1 month > 1 month < 3 months > 3 months

Foreign currencies < 1 month > 1 month < 3 months > 3 months < 6 months > 6 months

Total

The changes in the allowance for impairment losses of acceptances receivable are as follows: 2012

2011

3.326

15.125

3.628

(1.813) 593

(11.963) 164

11.472 25

Beginning balance (Reversal) addition of allowance for impairment loss Foreign exchange translation

15.125

Ending balance

2.106

3.326

The Bank’s management believes that the allowance for impairment losses as of December 31, 2013, 2012 and 2011 is adequate to cover any possible losses on uncollectible acceptances receivable.

Manajemen Bank berpendapat bahwa jumlah cadangan penurunan nilai yang dibentuk pada tanggal 31 Desember 2013, 2012 dan 2011, adalah cukup untuk menutup kemungkinan kerugian atas tidak tertagihnya tagihan akseptasi.



2011 49.569 81.390 38.349

Ikhtisar perubahan cadangan penurunan nilai tagihan akseptasi adalah sebagai berikut:

Saldo awal tahun (Pemulihan) cadangan kerugian penurunan nilai Selisih kurs penjabaran

Total

Acceptances Liabilities

45.861 143.388 57.711

2013

Foreign currencies < 1 month > 1 month < 3 months > 3 months < 6 months > 6 months

1.456.876

b. 2013

Liabilities

Acceptances Receivable (continued)

594.809 695.878 302.315 5.299

(2.106)

and

Based on period (continued) a.

2013

b.

2.

Receivable

69



PT BANK UOB INDONESIA CATATAN ATAS LAPORAN KEUANGAN Tahun yang Berakhir pada Tanggal-tanggal 31 Desember 2013, 2012 dan 2011 (Disajikan dalam Jutaan Rupiah, Kecuali Dinyatakan Lain) 12. Aset Tetap

12. Fixed Assets

Aset tetap terdiri dari:

Fixed assets consist of: Perubahan Selama Satu Tahun/ Changes During One Year

2013 Biaya Perolehan Tanah Bangunan dan prasarana bangunan Prasarana Peralatan Kantor Kendaraan Sub - Total Aset dalam Penyelesaian Tanah, bangunan, dan prasarana bangunan Peralatan Kantor Sub - Total Total biaya perolehan Akumulasi Penyusutan Bangunan dan prasarana bangunan Prasarana Peralatan kantor Kendaraan

Saldo Awal/ Beginning Balance

Penambahan dan Reklasifikasi/ Additions and Reclassification

Pengurangan/ dan Reklasifikasi/ Deductions and Reclassification

Saldo Akhir/ Ending Balance

2013 Cost Land Buildings and building improvements Infrastructure Office equipments Vehicles

157.985

-

1.851

156.134

515.801 137.786 553.651 31.626

58.065 7.840 213.285 63

1.796 525 15.680 14.506

572.070 145.101 751.256 17.183

1.396.849

279.253

34.358

1.641.744

Sub - Total

-

Construction in Progress Land, buildings and building improvements Office equipment Sub - Total

62.313 24.399

-

62.313 24.399

86.712

-

86.712

-

1.483.561

279.253

121.070

1.641.744

Total cost

147.702 32.521 392.464 25.582

28.183 4.409 51.938 1.592

1.160 3.393 11.169 14.506

174.725 33.537 433.233 12.668

Accumulated Depreciation Buildings and building improvements Infrastructure Office equipments Vehicles

Total akumulasi penyusutan

598.269

86.122

30.228

654.163

Total accumulated depreciation

Penurunan nilai

885.292 (3.110)

193.131 -

90.842 -

987.581 (3.110)

Impairment in value

Nilai Buku

882.182

984.471

Net Book Value

Perubahan Selama Satu Tahun/ Changes During One Year

2012 Biaya Perolehan Tanah Bangunan dan prasarana bangunan Prasarana Peralatan Kantor Kendaraan Sub - Total Aset dalam Penyelesaian Tanah, bangunan, dan prasarana bangunan Peralatan Kantor Sub - Total Total biaya perolehan Akumulasi Penyusutan Bangunan dan prasarana bangunan Prasarana Peralatan kantor Kendaraan



163.064

1.084

6.163

157.985

522.079 130.208 501.792 62.626

2.475 9.506 77.867 3.483

8.753 1.928 26.008 34.483

515.801 137.786 553.651 31.626

1.379.769

94.415

77.335

1.396.849

Sub - Total

62.313 24.399

Construction in Progress Land, buildings and building improvements Office equipment Sub - Total


21.655 6.231

62.313 24.399

21.655 6.231


2012 Cost Land Buildings and building improvements Infrastructure Office equipments Vehicles

27.886

86.712

27.886

86.712

1.407.655

181.127

105.221

1.483.561

Total cost

126.424 21.428 381.122 57.930

25.645 12.993 36.154 1.996

4.367 1.900 24.812 34.344

147.702 32.521 392.464 25.582

Accumulated Depreciation Buildings and building improvements Infrastructure Office equipments Vehicles Total accumulated depreciation


586.904

76.788

65.423

598.269

Penurunan nilai

820.751 (3.417)

104.339 -

39.798 (307)

885.292 (3.110)

Nilai Buku

817.334

882.182

70

Impairment in value Net Book Value




PT BANK UOB INDONESIA CATATAN ATAS LAPORAN KEUANGAN Tahun yang Berakhir pada Tanggal-tanggal 31 Desember 2013, 2012 dan 2011 (Disajikan dalam Jutaan Rupiah, Kecuali Dinyatakan Lain) 12. Aset Tetap (lanjutan)

12. Fixed Assets (continued) Perubahan Selama Satu Tahun/ Changes During One Year

2011



158.789

5.266

991

163.064

630.195 2.599 490.842 72.518

6.964 29.707 70.703 4.366

4.702 12.476 59.753 14.258

522.079 130.208 501.792 62.626

1.354.943

117.006

92.180

1.379.769

Sub - Total

21.655 6.231

Construction in Progress Land, buildings and building improvements Office equipments Sub - Total


Biaya Perolehan Tanah Bangunan dan prasarana bangunan Prasarana Peralatan Kantor Kendaraan Sub - Total Aset dalam Penyelesaian Tanah, bangunan, dan prasarana bangunan Peralatan Kantor Sub - Total Total biaya perolehan

7.559 1.106

21.655 6.231


7.559 1.106

2011 Cost Land Buildings and building improvements Infrastructure Office equipment Vehicles

8.665

27.886

8.665

27.886

1.363.608

144.892

100.845

1.407.655

Total cost

Akumulasi Penyusutan Bangunan dan prasarana bangunan Prasarana Peralatan kantor Kendaraan

112.767 502 379.091 70.069

28.517 22.285 20.949 2.089

14.860 1.359 18.918 14.228

126.424 21.428 381.122 57.930

Accumulated Depreciation Buildings and building improvements Infrastructure Office equipments Vehicles


562.429

73.840

49.365

586.904

Total accumulated depreciation

Penurunan nilai

801.179 (3.444)

71.052 -

51.480 (27)

820.751 (3.417)

Impairment in value

Nilai Buku

797.735

817.334

Net Book Value

Reconciliation addition of fixed assets which comes from purchase and reclassification are as follows:

Rekonsiliasi penambahan aset tetap yang berasal dari pembelian dan reklasifikasi adalah sebagai berikut: 2013 Penambahan melalui pembelian aset tetap Penambahan melalui reklasifikasi aset tetap Penambahan aset tetap dalam penyelesaian Total

2012

2011

192.527

64.584

66.941

86.726

29.831

50.065

-

86.712

27.886

279.253

181.127

144.892

Addition of contruction in progress Total

Reconciliation deduction of fixed assets which comes from disposal and reclassification are as follows:

Rekonsiliasi pengurangan aset tetap yang berasal dari penjualan dan reklasifikasi adalah sebagai berikut: 2013

Addition through purchase of fixed assets Addition through reclassification of fixed assets

2012

2011

Pengurangan melalui penjualan aset tetap Penghapusan aset tetap Pengurangan aset dalam penyelesaian melalui reklasifikasi aset tetap

4.130 -

11.912 -

2.523 40.292

86.712

27.886

8.665

Deduction through sales of fixed assets Write off of fixed assets Deduction of construction in progress through reclassification to fixed assets

Total

90.842

39.798

51.480

Total


71



PT BANK UOB INDONESIA CATATAN ATAS LAPORAN KEUANGAN Tahun yang Berakhir pada Tanggal-tanggal 31 Desember 2013, 2012 dan 2011 (Disajikan dalam Jutaan Rupiah, Kecuali Dinyatakan Lain) 12. Aset Tetap (lanjutan)

12. Fixed Assets (continued)

Penyusutan yang dibebankan pada laporan laba rugi komprehensif masing-masing sebesar Rp86.122, Rp76.788 dan Rp73.840 untuk tahun yang berakhir pada 31 Desember 2013, 2012 dan 2011 (Catatan 28).

Depreciation charged to statements of comprehensive income amounted to Rp86,122, Rp76,788 and Rp73,840 for the years ended December 31, 2013, 2012 and 2011, respectively (Note 28).

Pada tanggal 31 Desember 2013, seluruh aset tetap (kecuali tanah), diasuransikan terhadap risiko kebakaran dan risiko lainnya berdasarkan paket polis tertentu kepada perusahaanperusahaan asuransi pihak ketiga Bank yaitu PT Asuransi Central Asia, PT Adira Insurance dan PT Asuransi Buana Independent dengan nilai pertanggungan sebesar Rp694.602 dan $AS16.285.294 (nilai penuh).

As of December 31, 2013, all fixed assets (except land), are covered by insurance against fire and other risks under blanket policies with the Bank’s third parties insurance companies, which are PT Asuransi Central Asia, PT Adira Insurance and PT Asuransi Buana Independent with sum insured amounting to Rp694,602 and US$16,285,294 (full amount).

Penurunan nilai aset tetap merupakan selisih antara nilai buku aset tetap yang bersangkutan dengan nilai wajar aset tetap tanah dan bangunan tertentu berdasarkan laporan penilai independen.

The impairment on fixed assets represents the difference between the net book value and fair value of certain land and buildings based on an independent appraisal.

Manajemen Bank berkeyakinan bahwa tidak terdapat penurunan nilai aset tetap lebih lanjut atau pemulihan cadangan penurunan nilai sebagaimana dimaksud dalam PSAK No. 48.

The Bank’s management believes that there is no further impairment in fixed assets or recovery on allowance of impairment as mentioned in PSAK No. 48.

Hasil penjualan aset tetap adalah masing-masing sebesar Rp25.884, Rp58.830 dan Rp11.480 untuk tahun yang berakhir pada tanggal 31 Desember 2013, 2012 dan 2011. Keuntungan atas penjualan aset tetap masing-masing sebesar Rp21.754, Rp46.918 dan Rp8.957 dibukukan sebagai bagian dari “Pendapatan non-operasional - keuntungan penjualan aset tetap dan agunan yang diambil alih - neto” selama tahun berjalan.

The proceeds from the sale of fixed assets amounted to Rp25,884, Rp58,830 and Rp11,480 for the years ended December 31, 2013, 2012 and 2011, respectively. The related gains on sales of fixed assets of Rp21,754, Rp46,918 and Rp8,957 are presented as part of “Non-Operating Income - Gain on Sale of Fixed Assets and Foreclosed Assets - net” during the year.

13. Aset Lain-lain

13. Other Assets Other assets consist of:

Aset lain-lain terdiri dari: 2013

2012

2011

Piutang bunga Biaya dibayar di muka - neto Agunan yang diambil alih (setelah dikurangi cadangan penurunan nilai sebesar Rp15.563, Rp24.514 dan Rp18.128 pada tanggal 31 Desember 2013, 2012 dan 2011) Uang muka Setoran jaminan Imbalan kerja ditangguhkan Materai Taksiran tagihan pajak penghasilan Penyelesaian transaksi kartu kredit Debet sementara Lain-lain

211.620 76.089

199.652 47.200

187.364 55.858

68.686 22.606 10.502 5.769 3.956 1.174 6.096

103.917 1.563 6.947 26.816 3.471 1.174 11.248 10.394 6.407

134.173 1.494 6.639 43.999 2.937 2.214 1.065 21.588 16.683

Interests receivables Prepaid expenses - net Foreclosed assets (net of allowance for decline in value of Rp15,563, Rp24,514 and Rp18,128 as of December 31, 2013, 2012 and 2011, respectively) Advances Security deposits Deferred employee benefits Stamp duty Estimated claim for tax refund Settlement of credit card transaction Temporary debet Others

Neto

406.498

418.789

474.014

Net

72




PT BANK UOB INDONESIA CATATAN ATAS LAPORAN KEUANGAN Tahun yang Berakhir pada Tanggal-tanggal 31 Desember 2013, 2012 dan 2011 (Disajikan dalam Jutaan Rupiah, Kecuali Dinyatakan Lain) 13. Aset Lain-lain (lanjutan)

13. Other Assets (continued)

Ikhtisar perubahan cadangan kerugian penurunan nilai agunan yang diambil alih adalah sebagai berikut: 2013

The changes in the allowance for decline in value of foreclosed assets are as follows: 2012

2011

Saldo awal tahun Penambahan (pemulihan) cadangan selama tahun berjalan

24.514

18.128

37.814

(8.951)

6.386

(19.686)

Saldo akhir tahun

15.563

24.514

18.128

Manajemen Bank berpendapat bahwa jumlah cadangan kerugian penurunan nilai atas agunan yang diambil alih telah memadai dan nilai tercatat agunan yang diambil alih tersebut merupakan nilai bersih yang dapat direalisasi.

Beginning balance Addition (reversal) of allowance during the year Ending balance

The Bank’s management believes that the allowance for decline in value of foreclosed assets is adequate and the carrying value of foreclosed assets is stated at net realizable value.

14. Liabilitas Segera

14. Current Liabilities

Liabilitas segera sebesar Rp67.723, Rp217.802 dan Rp80.001 masing-masing pada tanggal 31 Desember 2013, 2012 dan 2011 terdiri dari kiriman uang/wesel akan dibayar, titipan dana nasabah, transaksi kliring/transfer yang belum diselesaikan dan liabilitas-liabilitas jangka pendek lainnya.

Current liabilities amounting to Rp67,723, Rp217,802 and Rp80,001 as of December 31, 2013, 2012 and 2011 represent cash remittances/draft payables, customers’ funds, unsettled clearing/transfer transactions and other short-term liabilities.

15. Giro

15. Demand Deposits

Giro terdiri dari:

Demand deposits consist of: 2013 Mata Uang Asing/ Foreign Currencies

Rupiah

Total

Pihak ketiga Pihak berelasi (Catatan 34)

4.661.190 13.327

661.547 -

5.322.737 13.327

Third parties Related parties (Note 34)

Total

4.674.517

661.547

5.336.064

Total

2012

Rupiah

Mata Uang Asing/ Foreign Currency

2011

Total

Rupiah

Mata Uang Asing/ Foreign Currency

Total


4.479.920 2.262

504.949 -

4.984.869 2.262

4.422.276 3.744

414.610 -

4.836.886 3.744


Total

4.482.182

504.949

4.987.131

4.426.020

414.610

4.840.630

Total

Giro dalam mata uang asing hanya terdiri dari Dolar Singapura.


Foreign currency demand deposits only consist of Singapore Dollar.

73



PT BANK UOB INDONESIA CATATAN ATAS LAPORAN KEUANGAN Tahun yang Berakhir pada Tanggal-tanggal 31 Desember 2013, 2012 dan 2011 (Disajikan dalam Jutaan Rupiah, Kecuali Dinyatakan Lain) 15. Giro (lanjutan)

15. Demand Deposits (continued)

Suku bunga rata-rata tahunan untuk giro adalah sebagai berikut: 2013 Rupiah Mata uang asing

The annual average interest rate for demand deposits are as follows: 2012

1,75% 0,00%

2011 2,21% 0,00%

2,59% 0,00%

Rupiah Foreign Currency

As of December 31, 2013, 2012 and 2011, demand deposits amounting to Rp96,904, Rp132,710 and Rp175,621 are pledged as collateral for loan facilities and other Bank’s facilities (Note 10).

Pada tanggal 31 Desember 2013, 2012 dan 2011, giro yang digunakan sebagai jaminan untuk kredit dan fasilitas Bank lainnya masing-masing sebesar Rp96.904, Rp132.710 dan Rp175.621 (Catatan 10). 16. Tabungan

16. Savings Deposits

Tabungan berdasarkan dengan Bank terdiri dari:

hubungan

Savings deposits based on its transaction with the Bank consist of:

transaksi

relationship

2013 Pihak Ketiga/ Third Parties


Total

Produktif Saving Plan High Yield Gold Buana Plus Tabunganku

8.117.780 214.655 457.180 298.201 68.022 102.003

14.016 1.198 68 621 14.774 269

8.131.796 215.853 457.248 298.822 82.796 102.272


Total

9.257.841

30.946

9.288.787

Total

2012

Produk



2011


Total


Total

Product


6.894.989 365.458 440.352 281.361 75.422 85.418

6.100 329 20 540 14.642 101

6.901.089 365.787 440.372 281.901 90.064 85.519

6.618.643 427.116 328.128 292.608 66.899 40.586

26.822 366 12 264 3.524 159

6.645.465 427.482 328.140 292.872 70.423 40.745


Total

8.143.000

21.732

8.164.732

7.773.980

31.147

7.805.127

Total

74




PT BANK UOB INDONESIA CATATAN ATAS LAPORAN KEUANGAN Tahun yang Berakhir pada Tanggal-tanggal 31 Desember 2013, 2012 dan 2011 (Disajikan dalam Jutaan Rupiah, Kecuali Dinyatakan Lain) 16. Tabungan (lanjutan)

16. Savings Deposits (continued)

Tabungan berdasarkan jenis mata uang terdiri dari:

Savings deposits consist of:

based

on

its

Currencies

2013

Produk


Rupiah

_______________

Total

Product

_______________


3.670.589 215.853 457.248 298.822 82.796 102.272

4.461.207 -

8.131.796 215.853 457.248 298.822 82.796 102.272


Total

4.827.580

4.461.207

9.288.787

Total

2012

Produk

Rupiah

2011


Total

Rupiah


Total

Product


3.721.228 365.787 440.372 281.901 90.064 85.519

3.179.861 -

6.901.089 365.787 440.372 281.901 90.064 85.519

3.629.448 427.482 328.140 292.872 70.423 40.745

3.016.017 -

6.645.465 427.482 328.140 292.872 70.423 40.745


Total

4.984.871

3.179.861

8.164.732

4.789.110

3.016.017

7.805.127

Total

Tabungan dalam mata uang asing terdiri dari Pound Sterling Inggris, Euro Eropa, Franc Swiss, Dolar Australia, Dolar Amerika, Dolar Kanada, Dolar Selandia Baru, Dolar Singapura, Dolar Hong Kong, Yen Jepang dan Kroner Swedia.

Foreign currency saving deposits consist of Great Britain Pound Sterling, European Euro, Swiss Franc, Australian , United States Dollar, Canadian Dollar, New Zealand Dollar, Singapore Dollar, Hong Kong Dollar, Japanese Yen and Swedish Croner.

Suku bunga rata-rata tahunan untuk tabungan adalah sebagai berikut:

The annual average interest rate for savings deposits are as follows:


2012 2,37% 0,49%

2,56% 0,55%

Pada tanggal 31 Desember 2013, 2012 dan 2011, tabungan yang diblokir untuk jaminan fasilitas kredit adalah masing-masing sebesar Rp77.461, Rp109.849 dan Rp43.603 (Catatan 10).


2011 3,38% 0,43%

Rupiah Foreign currencies

As of December 31, 2013, 2012 and 2011, savings deposits pledged as collateral for loan facilities amounted to Rp77,461, Rp109,849 and Rp43,603, respectively (Note 10).

75



PT BANK UOB INDONESIA CATATAN ATAS LAPORAN KEUANGAN Tahun yang Berakhir pada Tanggal-tanggal 31 Desember 2013, 2012 dan 2011 (Disajikan dalam Jutaan Rupiah, Kecuali Dinyatakan Lain) 17. Deposito Berjangka

17. Time Deposits

Deposito berjangka terdiri dari:

Time deposits consist of: 2013 Mata Uang Asing/ Foreign Currencies

Rupiah

Total


32.015.089 51.915

10.536.447 50.132

42.551.536 102.047


Total

32.067.004

10.586.579

42.653.583

Total

2012

Rupiah


2011

Total

Rupiah


Total


25.801.518

7.534.824

33.336.342

24.433.344

5.755.200

30.188.544

Third parties

27.953

22.760

50.713

48.931

19.981

68.912

Related parties (Note 34)

Total

25.829.471

7.557.584

33.387.055

24.482.275

5.775.181

30.257.456

Total

The details of time deposits based on maturities are as follows:

Rincian deposito berjangka berdasarkan jangka waktu adalah sebagai berikut: 2013 Mata Uang Asing/ Foreign Currencies

Rupiah

Total

> 1 bulan < 3 bulan > 3 bulan < 6 bulan > 6 bulan

< 1 bulan

1.355.805 21.074.164 5.483.839 4.153.196

687.441 7.063.189 941.536 1.894.413

2.043.246 28.137.353 6.425.375 6.047.609

> 1 month < 3 months > 3 months < 6 months > 6 months

Total

32.067.004

10.586.579

42.653.583

Total

2012

Rupiah


< 1 month

2011

Total

Rupiah


Total

< 1 bulan > 1 bulan < 3 bulan > 3 bulan < 6 bulan > 6 bulan < 12 bulan > 12 bulan

1.220.952 13.976.826 7.018.310 3.613.383 -

32.311 2.945.869 804.940 3.774.464 -

1.253.263 16.922.695 7.823.250 7.387.847 -

1.627.565 13.123.008 4.754.422 2.656.577 2.320.703

134.094 3.172.609 1.036.610 962.116 469.752

1.761.659 16.295.617 5.791.032 3.618.693 2.790.455

< 1 month > 1 month < 3 months > 3 months < 6 months > 6 months < 12 months > 12 months

Total

25.829.471

7.557.584

33.387.055

24.482.275

5.775.181

30.257.456

Total

76




PT BANK UOB INDONESIA CATATAN ATAS LAPORAN KEUANGAN Tahun yang Berakhir pada Tanggal-tanggal 31 Desember 2013, 2012 dan 2011 (Disajikan dalam Jutaan Rupiah, Kecuali Dinyatakan Lain) 17. Deposito Berjangka (lanjutan)

17. Time Deposits (continued)

Rincian deposito berjangka berdasarkan sisa umur sampai tanggal jatuh tempo adalah sebagai berikut:

The details of time deposits based on remaining maturities are as follows: 2013 Mata Uang Asing/ Foreign Currencies

Rupiah

Total

< 1 bulan > 1 bulan < 3 bulan > 3 bulan < 6 bulan > 6 bulan < 12 bulan

24.520.387 5.770.476 1.636.316 139.825

7.962.064 1.473.513 842.188 308.814

32.482.451 7.243.989 2.478.504 448.639

> 6 months < 12 months

Total

32.067.004

10.586.579

42.653.583

Total

2012

Rupiah

< 1 month

> 1 month < 3 months > 3 months < 6 months

2011


Total

Rupiah


Total

< 1 bulan > 1 bulan < 3 bulan > 3 bulan < 6 bulan > 6 bulan

15.080.270 9.701.067 949.075 99.059

2.550.947 1.977.664 2.705.574 323.399

17.631.217 11.678.731 3.654.649 422.458

15.484.054 6.103.422 1.535.058 1.359.741

3.662.281 1.167.363 790.489 155.048

19.146.335 7.270.785 2.325.547 1.514.789

< 1 month > 1 month < 3 months > 3 months < 6 months > 6 months

Total

25.829.471

7.557.584

33.387.055

24.482.275

5.775.181

30.257.456

Total

Deposito berjangka dalam mata uang asing terdiri dari Pound Sterling Inggris, Euro Eropa, Dolar Australia, Dolar Amerika, Dolar Kanada, Dolar Selandia Baru, Dolar Singapura, Dolar Hong Kong dan Yen Jepang.

Foreign currency time deposits consist of Great Britain Pound Sterling, European Euro, Australian Dollar, United States Dollar, Canadian Dollar, New Zealand Dollar, Singapore Dollar, Hong Kong Dollar and Japanese Yen.

Deposito berjangka yang diblokir untuk jaminan atas fasilitas kredit yang diberikan kepada nasabah berjumlah Rp4.519.821, Rp3.007.126 dan Rp4.437.576 masing-masing pada tanggal 31 Desember 2013, 2012 dan 2011 (Catatan 10).

Time deposits pledged as collateral for loan facilities granted amounted to Rp4,519,821, Rp3,007,126 and Rp4,437,576 as of December 31, 2013, 2012 and 2011, respectively (Note 10).

Suku bunga rata-rata tahunan untuk deposito berjangka adalah sebagai berikut:

The annual average interest rate for time deposits are as follows:


2012 7,04% 2,44%

2011 6,29% 2,46%

18. Simpanan dari Bank Lain

7,21% 1,97%


18. Deposits from Other Banks

Simpanan dari bank lain berdasarkan jenis dan mata uang terdiri dari: 2013 Rupiah Call money Deposito berjangka Tabungan Giro


Deposits from other banks based on type and currency consist of: 2012

2011

360.000 164.543 18.361 26.284

370.000 226.285 30.654 12.987

35.000 280.273 26.138 27.536

569.188

639.926

368.947

77

Rupiah Call money Time deposits Savings deposits Demand deposits



PT BANK UOB INDONESIA CATATAN ATAS LAPORAN KEUANGAN Tahun yang Berakhir pada Tanggal-tanggal 31 Desember 2013, 2012 dan 2011 (Disajikan dalam Jutaan Rupiah, Kecuali Dinyatakan Lain) 18. Simpanan dari Bank Lain (lanjutan)

18. Deposits from Other Banks (continued)

Simpanan dari bank lain berdasarkan jenis dan mata uang terdiri dari: (lanjutan) 2013 Mata uang asing Call money Deposito berjangka dan deposito on-call Tabungan

Total

Deposits from other banks based on type and currency consist of: (continued) 2012

1.010.110

992.663

938.486

Foreign currency Call money

18.321

48.188 876

9.068 -

Time deposits and deposit on-call Savings deposits

1.028.431

1.041.727

947.554

1.597.619

1.681.653

1.316.501

2013

Mata uang asing Pihak Ketiga Pihak Berelasi

Total

Total

Deposits from other banks based on its relationship transaction with the Bank consist of:

Simpanan dari bank lain berdasarkan hubungan transaksi dengan Bank terdiri dari:

Rupiah Pihak Ketiga Pihak Berelasi

2011

2012

2011

565.241 3.947

635.987 3.939

365.061 3.886

569.188

639.926

368.947

18.321 1.010.110

222.539 819.188

439.774 507.780

1.028.431

1.041.727

947.554

1.597.619

1.681.653

1.316.501

Rupiah Third Parties Related Parties

Foreign currency Third Parties Related Parties

Total

Jangka waktu simpanan dari bank lain dalam call money adalah kurang dari satu bulan, sedangkan jangka waktu deposito berjangka dan deposito on-call dari bank lain adalah satu bulan.

The terms of deposits from other banks in call money are less than one month, while the terms of time deposits and deposit on-call from other banks are one month.

Tidak terdapat simpanan dari Bank lain yang diblokir atau dijaminkan pada tanggal-tanggal 31 Desember 2013, 2012 dan 2011.

There were no depositd from other banks pledged as of December 31, 2013, 2012 and 2011.

Suku bunga rata-rata tahunan untuk simpanan dari bank lain adalah sebagai berikut:

The average annual interest rate for deposits from other banks are as follows:


2012 4,47% 0,46%

2011 4,38% 0,26%

78

4,56% 0,46%





PT BANK UOB INDONESIA CATATAN ATAS LAPORAN KEUANGAN Tahun yang Berakhir pada Tanggal-tanggal 31 Desember 2013, 2012 dan 2011 (Disajikan dalam Jutaan Rupiah, Kecuali Dinyatakan Lain) 19. Hutang Pajak

19. Taxes Payable

Hutang pajak terdiri dari:

Taxes payable consist of: 2013

Hutang Pajak Penghasilan Pasal 4 (2) Pasal 21 Pasal 23 Pasal 25 Pasal 29 Pajak Pertambahan Nilai Total hutang pajak

2012 44.930 22.814 1.692 6.430 54.550 915

29.677 18.484 45 32.314 4.251 300

31.414 15.852 249 21.296 105 623

Income Taxes Payable Article 4 (2) Article 21 Article 23 Article 25 Article 29 Value Added Taxes

131.331

85.071

69.539

Total taxes payable

The reconciliation between income before tax expense, as shown in the statements of comprehensive income, and taxable income for the years ended December 31, 2013, 2012 and 2011 are as follows:

Rekonsiliasi antara laba sebelum beban pajak menurut laporan laba rugi komprehensif dengan penghasilan kena pajak untuk tahun yang berakhir pada tanggal 31 Desember 2013, 2012 dan 2011 adalah sebagai berikut: 2013 Laba sebelum beban pajak sebagaimana disajikan dalam laporan laba rugi komprehensif Beda temporer: Cadangan (pemulihan) penurunan nilai agunan yang diambil alih Cadangan atas imbalan kerja Keuntungan (kerugian) yang belum direalisasi atas efek-efek yang diperdagangkan - neto Penyusutan aset tetap Pemulihan cadangan atas kerugian penurunan nilai aset produktif dan non-produktif Pendapatan interest accretion Keuntungan penjualan aset tetap - neto Beda tetap: Pemeliharaan Penyusutan aset tetap Keuntungan penjualan aset tetap - neto Pendapatan sewa Lain-lain - neto Penghasilan kena pajak - Bank

2012

1.539.673

2011

1.488.907

(8.951) 8.739

6.387 17.836

(2.769) (9.125)

7.435 (7.872)

(282.743) 11.784

(193.325) 2.971

1.062

(2.981)

10 929

1.445 1.097

(16.615) 48.063 1.290.057

(33.532) 1.931 48.912 1.339.211

1.075.559

(19.686) 13.853

Income before tax expense as stated in the statements of comprehensive income Temporary differences: Provision for (reversal of) decline in value of foreclosed assets Provision for employees’benefits

Unrealized gain (loss) on trading securities - net Depreciation of fixed assets Reversal of allowance for impairment losses on earning (29.163) assets and non-earning assets 4.462 Interest accretion income Gain on sale of (3.337) fixed assets - net (8.604) (9.781)

1.525 50.314

Permanent differences: Maintenance Depreciation of fixed assets Gain on sale of fixed assets - net Rental income Others - net

1.075.756

Taxable income - Bank

614 -

The computation of taxable income and income tax payable for 2013, 2012 dan 2011 is consistent with what was reported in the Annual Tax Return (SPT) filed to the Tax Office.

Jumlah penghasilan kena pajak dan hutang pajak penghasilan tahun 2013, 2012 dan 2011 tersebut di atas telah sesuai dengan Surat Pemberitahuan Tahunan (SPT) yang disampaikan ke Kantor Pajak.


2011

79



PT BANK UOB INDONESIA CATATAN ATAS LAPORAN KEUANGAN Tahun yang Berakhir pada Tanggal-tanggal 31 Desember 2013, 2012 dan 2011 (Disajikan dalam Jutaan Rupiah, Kecuali Dinyatakan Lain) 19. Hutang Pajak (lanjutan)

19. Taxes Payable (continued)

Perhitungan beban pajak - tahun berjalan dan beban pajak - tangguhan - neto untuk tahun yang berakhir pada tanggal 31 Desember 2013, 2012 dan 2011 adalah sebagai berikut: 2013

The computation of tax expense - current and tax expense - deferred - net for the years ended December 31, 2013, 2012 and 2011 is as follows: 2012

2011

Penghasilan kena pajak

1.290.057

1.339.211

1.075.756

Taxable income

Beban pajak penghasilan - tahun berjalan

322.515

334.802

268.939

Income tax expense - current

Beban pajak penghasilan - tangguhan Cadangan penurunan (pemulihan) nilai agunan yang diambil alih

(2.238)

1.597

(4.922)

2.184

4.459

3.463

(692) (2.281) 2.946

1.859 (1.968) 741

(2.151) (2.445) 1.116

(70.686)

(48.331)

(7.291)

(745)

(834)

Unrealized gain (loss) on trading securities - net Depreciation of fixed assets Interest accretion income Reversal for impairment losses on earning assets and non-earning assets Gain on sale of fixed assets - net Income tax expense - deferred - net

Cadangan atas imbalan kerja - neto Keuntungan (kerugian) yang belum direalisasi atas efek-efek yang diperdagangkan - neto Penyusutan aset tetap Pendapatan interest accretion Pemulihan atas kerugian penurunan nilai aset produktif dan non produktif Keuntungan penjualan aset tetap - neto

265

Beban pajak penghasilan - tangguhan - neto

(70.502)

(42.388)

(13.064)

Beban pajak - neto

393.017

377.190

282.003

Rekonsiliasi antara beban pajak yang dihitung dengan menggunakan tarif pajak yang berlaku dari laba sebelum manfaat (beban) pajak, dengan beban pajak seperti yang disajikan dalam laporan laba rugi komprehensif untuk tahun yang berakhir pada tanggal 31 Desember 2013, 2012 dan 2011 adalah sebagai berikut: 2013 Laba sebelum beban pajak Beban pajak penghasilan berdasarkan tarif pajak yang berlaku Pengaruh beda tetap atas beban pajak penghasilan Pemeliharaan Penyusutan aset tetap Keuntungan penjualan asset tetap – neto Pendapatan sewa Lain-lain - neto Beban pajak - neto

Income tax expense- deferred Provision (recovery) for decline in value of foreclosed assets Provision for employees’ benefits - net

Tax expense - net

The reconciliation between tax expense calculated by using the applicable tax rate from income before tax benefit (expense), and tax expense presented in the statements of comprehensive income for the years ended December 31, 2013, 2012 and 2011 is as follows: 2012

2011

1.539.673

1.488.907

1.075.559

384.918

372.227

268.890

3 232

361 274

153 -

(4.153) 12.017

(8.383) 483 12.228

393.017

377.190

80

381 12.579 282.003

Income before tax expense Income tax expense at applicable tax rate Effects of permanent differences on income tax expense Maintenance Depreciation of fixed assets Gain on sale of fixed assets - net Rental income Others - net Tax expense - net




PT BANK UOB INDONESIA CATATAN ATAS LAPORAN KEUANGAN Tahun yang Berakhir pada Tanggal-tanggal 31 Desember 2013, 2012 dan 2011 (Disajikan dalam Jutaan Rupiah, Kecuali Dinyatakan Lain) 19. Hutang Pajak (lanjutan)

19. Taxes Payable (continued)

Perhitungan beban pajak - tahun berjalan dan hutang pajak penghasilan adalah sebagai berikut: 2013 Beban pajak penghasilan - tahun berjalan Pembayaran pajak penghasilan di muka

The computations of tax expense - current and income tax payable are as follows: 2012

322.515

334.802

268.939

(267.965)

(330.551)

(268.834)

Hutang pajak penghasilan

54.550

4.251

Rincian (liabilitas) aset pajak tangguhan adalah sebagai berikut: 2013 (Liabilitas) Aset Pajak Tangguhan Neto Penurunan nilai agunan yang diambil alih Cadangan kerugian penurunan aset produktif dan nilai non produktif Liabilitas atas imbalan kerja Penyusutan aset tetap Keuntungan yang belum direalisasi atas efek-efek yang tersedia untuk dijual Keuntungan yang belum direalisasi atas efek-efek yang diperdagangkan - neto Pendapatan interest accretion Keuntungan penjualan aset tetap - neto (Liabilitas) Aset Pajak Tangguhan - Neto

2011

105

Tax expense - current Prepayments of income taxes Income tax payable

The details of deferred tax (liabilities) assets are as follows: 2012

2011

(110.984) 19.679 (7.677)

(40.298) 17.495 (5.396)

Deferred Tax Assets (Liabilities) - Net Allowance for decline in value of 4.531 foreclosed assets Allowance for impairment losses on earning assets and 8.033 non-earning assets 13.036 Liability for employees’ benefits (3.428) Depreciation of fixed assets

59.020

(12.074)

(1.177)

(2.203) -

(1.511) (2.946)

(3.370) (3.687)

(1.314)

(1.579)

(834)

(39.589)

(40.181)

3.890

6.128

13.104

Unrealized gain on available-for-sale securities Unrealized gain on trading securities - net Interest accretion income Gain on sale of fixed assets - net Deferred Tax (Liability) Assets - Net

Pada tahun 2011, Bank telah menyampaikan Surat Keberatan Pajak kepada Kantor Pajak atas Surat Ketetapan Pajak Kurang Bayar (SKPKB) Pajak Pertambahan Nilai sebesar Rp2.214 atas penjualan agunan diambil alih. Keberatan tersebut telah dikabulkan sebagian oleh Kantor Pajak berdasarkan Keputusan Direktur Jenderal Pajak No. KEP-1167/WPJ.19/2012 tanggal 30 Agustus 2012 dan telah mendapat pengembalian pajak sebesar Rp1.040.

On 2011, Bank has submitted a Tax Objection Letter to the Tax Office for Tax Underpayment Assessment Letter (SKPKB) of Value Added Tax on sale of foreclosed assets amounting to Rp2,214. The objection has been partially granted by Tax Office based on decision of Directorate General of Tax No. KEP-1167/WPJ.19/2012 dated August 30, 2012 and has received as a tax refund amounting to Rp1,040.

Pada tahun 2012, Bank menyampaikan permohonan banding ke Pengadilan atas Keputusan Direktur Jenderal Pajak No. KEP-1167/WPJ.19/2012 berdasarkan Surat No. 12/DIR/0743 sebesar Rp1.174. Hingga 31 Desember 2013, belum ada keputusan terkait permohonan banding ini.

On 2012, Bank has submitted an appeal for the objection to Court regarding decision of Directorate General of Tax No. KEP-1167/ WPJ.19/2012 with Letter No. 12/DIR/0743 amounting to Rp1,174. Until December 31, 2013, there is no decision for this appeal.


81



PT BANK UOB INDONESIA CATATAN ATAS LAPORAN KEUANGAN Tahun yang Berakhir pada Tanggal-tanggal 31 Desember 2013, 2012 dan 2011 (Disajikan dalam Jutaan Rupiah, Kecuali Dinyatakan Lain) 20. Liabilitas atas Surat Berharga yang Dijual dengan Janji Dibeli Kembali

20. Obligation on Securities Repurchase Agreements

Bank tidak mempunyai liabilitas atas surat berharga yang dijual dengan janji kembali pada tanggal 31 Desember 2013 dan 2012. Liabilitas atas surat berharga yang dijual dengan janji kembali pada tanggal 31 Desember 2011, terdiri dari:

Sold

under

Bank do not have obligation on securities sold under repurchase agreements as of December 31, 2013 and 2012. Obligation on securities sold under repurchase agreements as of December 31, 2011 consist of: 2011

Nasabah/ Counterparty

Jenis Obligasi Pemerintah/ Type of Government Bonds

Nilai Nominal/ Nominal Amount

Tanggal Dimulai/ Starting Date

UOB Singapura/UOB Singapore

RI14N

72.540


RI15

181.350


RI15

63.472


RI15

40.804


RI16

163.215


RI16

117.878


RI17

154.147


RI17

216.523

Sub-Total/ Sub - Total

Jatuh Tempo/ Due Date

8 Desember 2011/ December 8, 2011 29 Desember 2011/ December 29, 2011 5 Desember 2011/ December 5, 2011 9 Desember 2011/ December 9, 2011 5 Desember 2011/ December 5, 2011 9 Desember 2011/ December 9, 2011 9 Desember 2011/ December 9, 2011 29 Desember 2011/ December 29, 2011

Nilai Tercatat/ Carrying Value

9 Januari 2012/ January 9, 2012 27 Januari 2012/ January 27, 2012 5 Januari 2012/ January 5, 2012 9 Januari 2012/ January 9, 2012 5 Januari 2012/ January 5, 2012 10 Januari 2012/ January 10, 2012 11 Januari 2012/ January 11, 2012 31 Januari 2012/ January 31, 2012

86.868 207.256 72.947 46.927 195.349 142.540 182.649 255.761

1.009.929

21. Estimasi Kerugian Komitmen dan Kontinjensi

21. Estimated Losses Contingencies

on

Commitments

and

The changes in the estimated losses on commitments and contingencies are as follows:

Ikhtisar perubahan estimasi kerugian komitmen dan kontinjensi adalah sebagai berikut: 2013

1.190.297

2012

2011

Saldo awal tahun Pemulihan cadangan selama tahun berjalan Selisih kurs penjabaran

-

-

11.210

-

-

(11.356) 146

Saldo akhir tahun

-

-

Manajemen Bank berpendapat bahwa jumlah cadangan penurunan nilai di atas adalah cukup untuk menutup kemungkinan kerugian atas tidak terealisasinya transaksi komitmen dan kontinjensi.

-

Beginning balance Reversal of allowance during the year Foreign exchange translation Ending balance

The Bank’s management believes that the allowance for impairment losses is adequate to cover any possible losses on unrealized commitment and contingency transactions.

22. Liabilitas Lain-lain

22. Other Liabilities

Liabilitas lain-lain terdiri dari:

Other liabilities consist of: 2013

2012

2011

Pendapatan diterima di muka Biaya yang masih harus dibayar Setoran jaminan Lain-lain

221.149 176.030 96.103 31.433

252.888 168.953 41.138 37.481

282.744 88.361 38.895 30.389

Unearned income Accrued expenses Guarantee deposits Others

Total

524.715

500.460

440.389

Total

82




PT BANK UOB INDONESIA CATATAN ATAS LAPORAN KEUANGAN Tahun yang Berakhir pada Tanggal-tanggal 31 Desember 2013, 2012 dan 2011 (Disajikan dalam Jutaan Rupiah, Kecuali Dinyatakan Lain) 23. Modal Saham

23. Share Capital

Susunan pemegang saham Bank dan persentase kepemilikannya pada tanggal 31 Desember 2013, 2012 dan 2011 adalah sebagai berikut (Catatan 1):

The Bank's shareholders and percentage of ownership as of December 31, 2013, 2012 and 2011 are as follows (Note 1):

2013 dan 2012/2013 and 2012

Pemegang Saham UOB International Investment Private Limited, Singapura United Overseas Bank Limited, Singapura Sukanta Tanudjaja Lain-lain (masing-masing di bawah 1%) Total

Jumlah Saham Ditempatkan dan Disetor Penuh/ Issued and Fully Paid Shares

Persentase Pemilikan/ Percentage of Ownership

Total Modal/ Total Capital

Shareholders

6.586.706.877

68,943 %

1.646.676

2.871.523.512 95.539.288 116.127

30,056 % 1,000 % 0,001%

717.881 23.885 29

UOB International Investment Private Limited, Singapore United Overseas Bank Limited, Singapore Sukanta Tanudjaja Others (below 1% each)

9.553.885.804

100,000%

2.388.471

Total

2011

Pemegang Saham UOB International Investment Private Limited, Singapura United Overseas Bank Limited, Singapura Sukanta Tanudjaja Lain-lain (masing-masing di bawah 1%) Total

Jumlah Saham Ditempatkan dan Disetor Penuh/ Issued and Fully Paid Shares

Persentase Pemilikan/ Percentage of Ownership

Total Modal/ Total Capital

Shareholders

6.586.706.067

68,943 %

1.646.676

2.871.523.512 95.539.288 116.937

30,056 % 1,000 % 0,001 %

717.881 23.885 29

UOB International Investment Private Limited, Singapore United Overseas Bank Limited, Singapore Sukanta Tanudjaja Others (below 1% each)

9.553.885.804

100,000%

2.388.471

Total

Pada tahun 2012 dan 2011, UOB International Investment Private Limited, Singapura membeli masing-masing 810 dan 49.561 lembar saham dari pemegang saham tertentu.

In 2012 and 2011, UOB International Investment Private Limited, Singapore bought 810 and 49,561 shares from certain shareholders.

Dalam Rapat Umum Pemegang Saham Luar Biasa (RUPSLB) yang diselenggarakan pada tanggal 18 Januari 2011 yang berita acaranya diaktakan dengan Akta Notaris Fathiah Helmi, S.H., No. 24 pada tanggal yang sama, para pemegang saham setuju untuk melakukan perubahan atas modal dasar Perseroan dari 18.000.000.000 lembar saham menjadi 36.000.000.000 lembar saham masingmasing bernilai Rp250 (rupiah penuh).

At the Shareholder Extraordinary General Meeting (EGM) held on January 18, 2011, the minutes of which were notarized under Deed No. 24 of Fathiah Helmi, S.H., on the same date, the shareholders agreed to amend the Company’s authorized capital from 18,000,000,000 shares to 36,000,000,000 shares amounted Rp250 (full amount) per shares.

Pengelolaan Modal

Capital Management

Tujuan utama pengelolaan modal Bank adalah untuk memastikan pemeliharaan rasio modal yang sehat untuk mendukung usaha dan memaksimalkan imbalan bagi pemegang saham.

The primary objective of the Bank’s capital management is to ensure that it maintains healthy capital ratios in order to support its business and maximize shareholder value.


83



PT BANK UOB INDONESIA CATATAN ATAS LAPORAN KEUANGAN Tahun yang Berakhir pada Tanggal-tanggal 31 Desember 2013, 2012 dan 2011 (Disajikan dalam Jutaan Rupiah, Kecuali Dinyatakan Lain) 23. Modal Saham (lanjutan)

23. Share Capital (continued)

Pengelolaan Modal (lanjutan)

Capital Management (continued)

Selain itu, Bank dipersyaratkan oleh Undangundang Perseroan Terbatas efektif tanggal 16 Agustus 2007 untuk mengkontribusikan sampai dengan 20% dari modal saham ditempatkan dan disetor penuh dalam bentuk dana cadangan yang tidak boleh didistribusikan. Persyaratan permodalan tersebut dipertimbangkan oleh Bank pada Rapat Umum Pemegang Saham (“RUPS”).

In addition, the Bank is also required by the Corporate Law effective August 16, 2007 to contribute and maintain a non-distributable reserve fund until the said reserve reaches 20% of the issued and fully paid up share capital. This capital requirements are considered by the Bank at the Annual General Shareholders’ Meeting (“AGM”).

Bank mengelola struktur permodalan dan melakukan penyesuaian terhadap perubahan kondisi ekonomi. Untuk memelihara dan menyesuaikan struktur permodalan, Bank dapat menyesuaikan pembayaran dividen kepada pemegang saham, menerbitkan saham baru atau mengusahakan pendanaan melalui pinjaman. Tidak ada perubahan atas tujuan, kebijakan maupun proses pada tanggal 31 Desember 2013, 2012 dan 2011.

The Bank manages its capital structure and makes adjustments to it, in light of changes in economic conditions. To maintain or adjust the capital structure, the Bank may adjust the dividend payment to shareholders, issue new shares or raise debt financing. No changes were made in the objectives, policies or processes as of December 31, 2013, 2012 and 2011.

Kebijakan Bank adalah mempertahankan struktur permodalan yang sehat untuk mengamankan akses terhadap pendanaan pada biaya yang wajar.

The Bank’s policy is to maintain a healthy capital structure in order to secure access to finance at a reasonable cost.

24. Tambahan Modal Disetor - Agio Saham

24. Additional Paid-in Capital

Terkait dengan penerapan PSAK No. 38, “Kombinasi Bisnis Entitas Sepengendali”, yang menggantikan PSAK No. 38 (Revisi 2004), “Akuntansi Restrukturisasi Entitas Sepengendali”, per 31 Desember 2013, akun ini terdiri dari:

Related to adoption of PSAK No. 38,“Business Combinations of Entities Under Common Control”, which supersedes PSAK No. 38 (Revised 2004), “Accounting for Restructuring of Entities Under Common Control”, as of December 31, 2013, this account consists of:

Agio Saham Penawaran umum terbatas III tahun 2006 Dividen saham Biaya emisi efek ekuitas Penawaran umum terbatas III tahun 2006 Selisih nilai transaksi restrukturisasi entitas sepengendali

1.289.647

Paid-in capital Limited Public Offering III year 2006 Stock dividend Issuance cost Limited Public Offering III year 2006 Difference in the value of restructuring transactions of entities under common control

Total

2.102.242

Total

576.625 238.276 (2.306)

As of December 31, 2012 and 2011, this account consists of paid-in capital-net of issuance cost of the Bank’s shares as follows:

Per 31 Desember 2012 dan 2011, akun ini terdiri dari agio saham dikurangi biaya emisi saham Bank sebagai berikut: Agio Saham Penawaran umum terbatas III tahun 2006 Dividen saham Biaya emisi efek ekuitas Penawaran umum terbatas III tahun 2006

576.625 238.276 (2.306)

Total

812.595

84

Paid-in capital Limited Public Offering III year 2006 Stock dividend Issuance cost Limited Public Offering III year 2006 Total




PT BANK UOB INDONESIA CATATAN ATAS LAPORAN KEUANGAN Tahun yang Berakhir pada Tanggal-tanggal 31 Desember 2013, 2012 dan 2011 (Disajikan dalam Jutaan Rupiah, Kecuali Dinyatakan Lain) 25. Saldo Laba

25. Retained Earnings

Dalam Rapat Umum Pemegang Saham Tahunan yang diselenggarakan pada tanggal 19 April 2011 yang berita acaranya diaktakan dengan Akta Notaris Fathiah Helmi, S.H., No. 50 pada tanggal yang sama, para pemegang saham setuju untuk menetapkan tambahan dana cadangan umum sebesar Rp2.500 guna memenuhi ketentuan Pasal 70 Undang-undang Perseroan Terbatas dan Pasal 20 Anggaran Dasar Bank, serta membukukan seluruh laba bersih yang diperoleh tahun 2010 setelah dikurangi cadangan sebagai laba ditahan.

At the Shareholders’ Annual General Meeting held on April 19, 2011, the minutes of which were notarized under Deed No. 50 of Fathiah Helmi, S.H., on the same date, the shareholders agreed to increase the amount appropriated for general reserve amounting to Rp2,500 to comply with Article 70 of the Corporation Law and Article 20 of the Bank’s Articles of Association and registered the entire net profit earned in 2010 after deduction against reserve as retained earnings.

Pada tanggal 27 September 2011, Direksi dan Dewan Komisaris telah menyetujui pendistribusian dividen interim sebesar Rp247.120.

On September 27, 2011, The Board of Directors and the Board of Commissioners have approved the distribution of interim dividends amounting to Rp247,120.

Dalam Rapat Umum Pemegang Saham Tahunan yang diselenggarakan pada tanggal 25 Mei 2012 yang berita acaranya diaktakan dengan Akta Notaris Fathiah Helmi, S.H., No. 67 pada tanggal yang sama, para pemegang saham setuju untuk menambah dana cadangan umum sebesar Rp2.500 guna memenuhi ketentuan Pasal 70 Undang-undang Perseroan Terbatas dan Pasal 20 Anggaran Dasar Bank serta membukukan seluruh laba bersih yang diperoleh tahun 2011 setelah dikurangi cadangan dan dividen sebagai laba ditahan. Rapat Umum Pemegang Saham Tahunan juga menyetujui total dividen untuk tahun buku 2011 sebesar Rp277.741, termasuk didalamnya dividen interim sebesar Rp247.120 yang telah dibagikan pada tanggal 23 Agustus 2011. Sisanya sebesar Rp30.620 dibagikan pada tanggal 12 Juni 2012.

At the Shareholders’ Annual General Meeting held on May 25, 2012, the minutes of which were notarized under Deed No. 67 of Fathiah Helmi, S.H., on the same date, the shareholders agreed to increase the amount appropriated for general reserve amounting to Rp2,500 to comply with Article 70 of the Corporation Law and Article 20 of the Bank’s Articles of Association and registered the entire net profit earned in 2011 after deduction against reserve and dividends as retained earnings. The Shareholders’ Annual General Meeting also agreed of total dividends for 2011 fiscal year amounting to Rp277,741, included therein interim dividends in the amount of Rp247,120 distributed on 23 August 2011. The remaining amount of Rp30,620 was distributed on 12 June 2012.

Dalam Rapat Umum Pemegang Saham Tahunan yang diselenggarakan pada tanggal 26 April 2013 yang berita acaranya diaktakan dengan Akta Notaris Ny. Lilik Kristiwati, S.H., No. 26 pada tanggal yang sama, para pemegang saham setuju untuk menambah dana cadangan umum sebesar Rp25.000 guna memenuhi ketentuan Pasal 70 Undang-undang Perseroan Terbatas dan Pasal 20 Anggaran Dasar Bank serta membukukan seluruh laba bersih yang diperoleh tahun 2012 setelah dikurangi cadangan dan dividen sebagai laba ditahan. Rapat Umum Pemegang Saham Tahunan juga menyetujui pembagian dividen tunai untuk tahun buku 2012 sebesar Rp246.490 yang telah dibagikan pada tanggal 8 Mei 2013.

At the Shareholders’ Annual General Meeting held on April 26, 2013, the minutes of which were notarized under Deed No. 26 of Ny. Lilik Kristiwati, S.H., on the same date, the shareholders agreed to increase the amount appropriated for general reserve amounting to Rp25,000 to comply with Article 70 of the Corporation Law and Article 20 of the Bank’s Articles of Association and registered the entire net profit earned in 2012 after deduction against reserve and dividends as retained earnings. The Shareholders’ Annual General Meeting also agreed to distribution of total dividends for 2012 fiscal year amounting to Rp246,490 which already paid on May 8, 2013.


85



PT BANK UOB INDONESIA CATATAN ATAS LAPORAN KEUANGAN Tahun yang Berakhir pada Tanggal-tanggal 31 Desember 2013, 2012 dan 2011 (Disajikan dalam Jutaan Rupiah, Kecuali Dinyatakan Lain) 26. Pendapatan Bunga

26. Interest Income

Pendapatan bunga diperoleh dari:

Interest income is derived from the following: 2013

2012

2011

Kredit yang diberikan Investasi keuangan dan penempatan pada Bank Indonesia Penempatan pada bank lain Giro pada Bank Indonesia dan bank lain

4.882.363

4.535.996

3.700.246

484.206 27.901

287.478 24.960

360.867 38.822

35.424

17.343

13.451

Financial investments and placements with Bank Indonesia Placements with other banks Current accounts with Bank Indonesia and other banks

Total

5.429.894

4.865.777

4.113.386

Total

Loans

Provisi dan komisi yang diakui sebagai pendapatan bunga untuk tahun yang berakhir pada tanggal 31 Desember 2013, 2012 dan 2011 masing-masing sebesar Rp382.250, Rp288.402, dan Rp311.767.

Provison and commission which recognized as interest income for the years ended December 31, 2013, 2012 and 2011 amounting to Rp382,250, Rp288,402, and Rp311,767, respectively.

Pendapatan bunga yang diperoleh dari pihakpihak yang berelasi atas kredit yang diberikan untuk tahun yang berakhir pada tanggal 31 Desember 2013, 2012 dan 2011 masingmasing sebesar 0,11%, 0,56% dan 0,63% dari jumlah pendapatan bunga pada masing-masing tahun bersangkutan.

Interest income earned from related parties from loans for the years ended December 31, 2013, 2012 and 2011 are 0.11%, 0.56% and 0.63% of the total interest income for each related years, respectively.

27. Beban Bunga

27. Interest Expense This account represents interest expense incurred on the following:

Akun ini merupakan beban bunga yang timbul atas: 2013

2012

2011

Deposito berjangka Tabungan Giro Premi penjaminan Pemerintah (Catatan 33) Simpanan dari bank lain

2.217.923 139.080 74.424

1.715.222 119.940 114.853

1.425.258 137.755 113.691

103.510 49.094

94.568 16.142

64.887 33.337

Time deposits Savings deposits Demand deposits Premium on Government guarantee (Note 33) Deposits from other banks

Total

2.584.031

2.060.725

1.774.928

Total

Interest expense on transactions with related parties is 0.25%, 0.89% and 1.90% of the total interest expense for the years ended December 31, 2013, 2012 and 2011, respectively.

Beban bunga atas transaksi dengan pihak-pihak yang berelasi masing-masing sebesar 0,25%, 0,89% dan 1,90% dari jumlah beban bunga untuk tahun yang berakhir pada tanggal 31 Desember 2013, 2012 dan 2011. 28. Beban Umum dan Administrasi

28. General and Administrative Expenses This account consists of:

Akun ini terdiri dari: 2013 Telekomunikasi, listrik dan air Jasa outsourcing Sewa Penyusutan aset tetap (Catatan 12)

2012

150.122 116.059 99.270 86.122

2011 102.680 107.766 55.199 76.788

86

Telecommunication, electricity and 89.307 water 93.265 Outsourcing service 37.685 Rental 73.840 Depreciation of fixed assets (Note 12)




PT BANK UOB INDONESIA CATATAN ATAS LAPORAN KEUANGAN Tahun yang Berakhir pada Tanggal-tanggal 31 Desember 2013, 2012 dan 2011 (Disajikan dalam Jutaan Rupiah, Kecuali Dinyatakan Lain) 28. Beban Umum dan Administrasi (lanjutan)

28. General and (continued)

Akun ini terdiri dari: (lanjutan)

Administrative

Expenses

This account consists of: (continued) 2013

Pemeliharaan dan perbaikan Iklan dan promosi Pendidikan dan pelatihan Jasa tenaga ahli Barang cetakan dan keperluan kantor Asuransi Keamanan Lain-lain Total

2012

2011

78.007 70.177 61.651 25.415 25.134 8.975 7.477 15.339

49.463 56.857 42.429 20.296 31.968 4.982 5.291 78.577

72.997 77.961 55.177 16.548 37.194 4.976 6.912 72.425

Repairs and maintenance Advertising and promotion Education and training Professional fees Printed materials and office supplies Insurance Security Others

743.748

632.296

638.287

Total

29. Beban Gaji dan Kesejahteraan Karyawan

29. Salaries and Employee Benefits Expenses This account consists of:

Akun ini terdiri dari: 2013 Gaji dan upah Tunjangan Hari Raya Gratifikasi Makan, transportasi dan tunjangan lainnya Pengobatan Jaminan Sosial Tenaga Kerja Lembur Imbalan kerja Lain-lain Total

2012

2011

769.135 114.318 75.989

536.444 102.929 192.208

477.321 86.906 95.470

46.739 46.399

35.789 45.842

27.303 42.884

24.745 17.858 9.288

22.052 22.871 59.311

19.223 19.605 32.314

147.942

138.050

128.211

Salaries and wages Lebaran bonus Gratification Meals, transportation and other allowance Medical Obligatory employee insurance (Jamsostek) Overtime Employee benefits Obligatory employee insurance Others

1.252.413

1.155.496

929.237

Total

30. Transaksi Pembelian dan Penjualan Tunai Mata Uang Asing

30. Spot Foreign Currency Bought and Sold The details of the notional values of spot foreign currencies bought and sold as of December 31, 2013, 2012 and 2011 are as follows:

Rincian nilai nominal atas pembelian dan penjualan tunai mata uang asing (spot) per 31 Desember 2013, 2012 dan 2011, adalah sebagai berikut: 2013 Mata Uang Asing/ Foreign Currencies Pembelian tunai mata uang asing Pihak ketiga

EUR GBP USD AUD

1.020.072 10.732 14.224.149 471.432

Rupiah 17.113 216 173.202 5.097 195.628


87

Spot foreign currency bought Third parties


PT BANK UOB INDONESIA CATATAN ATAS LAPORAN KEUANGAN Tahun yang Berakhir pada Tanggal-tanggal 31 Desember 2013, 2012 dan 2011 (Disajikan dalam Jutaan Rupiah, Kecuali Dinyatakan Lain)


30. Transaksi Pembelian dan Penjualan Tunai Mata Uang Asing (lanjutan)

30. Spot Foreign Currency Bought and Sold (continued)

Rincian nilai nominal atas pembelian dan penjualan tunai mata uang asing (spot) per 31 Desember 2013, 2012 dan 2011, adalah sebagai berikut: (lanjutan)

The details of the notional values of spot foreign currencies bought and sold as of December 31, 2013, 2012 and 2011 are as follows: (continued) 2013

Mata Uang Asing/ Foreign Currencies Penjualan tunai mata uang asing Pihak ketiga

EUR USD AUD

Rupiah

937.730 2.157.537 81.472

15.716 26.264 883

Spot foreign currency sold Third parties

42.863 2012 Mata Uang Asing/ Foreign Currencies Pembelian tunai mata uang asing Pihak ketiga

EUR GBP USD AUD HKD CHF

47.150.315 16.627.444 12.746.392 1.486.673 7.500.000 236.000

Rupiah 600.276 258.200 122.823 14.865 9.325 2.489


1.007.978 Penjualan tunai mata uang asing Pihak ketiga

EUR GBP USD JPY AUD

46.713.541 17.081.687 3.679.062 20.000.000 40.000

595.780 265.449 35.462 2.235 401


899.327 2011 Mata Uang Asing/ Foreign Currencies Pembelian tunai mata uang asing Pihak ketiga

USD GBP EUR AUD NZD

18.273.601 1.417.595 418.257 372.826 122.441

Rupiah 167.427 16.717 5.913 3.423 856


194.336

88





30. Transaksi Pembelian dan Penjualan Tunai Mata Uang Asing (lanjutan)

30. Spot Foreign Currency Bought and Sold (continued)

Rincian nilai nominal atas pembelian dan penjualan tunai mata uang asing (spot) per 31 Desember 2013, 2012 dan 2011, adalah sebagai berikut: (lanjutan)

The details of the notional values of spot foreign currencies bought and sold as of December 31, 2013, 2012 and 2011 are as follows: (continued) 2011

Mata Uang Asing/ Foreign Currencies Penjualan tunai mata uang asing Pihak ketiga

AUD EUR USD GBP NZD SGD

Rupiah

3.182.133 1.536.675 1.924.254 160.340 165.396 20.000

29.596 18.200 17.565 2.246 1.162 139


68.908

31. Komitmen dan Kontinjensi

31. Commitments and Contingencies The Bank’s commitments and contingencies are as follows:

Bank memiliki tagihan dan liabilitas komitmen dan kontinjensi sebagai berikut: 2013 Komitmen Tagihan komitmen Irrevocable letters of credit yang masih berjalan Liabilitas komitmen Fasilitas kredit yang belum digunakan Irrevocable letters of credit yang masih berjalan Liabilitas komitmen - neto Kontinjensi Tagihan kontinjensi Pendapatan bunga dalam penyelesaian Standby letters of credit Liabilitas kontinjensi Bank garansi Standby letters of credit

2012

27.139

2011

1.287.469

1.165.001

(20.201.547)

(7.706.149)

(7.668.584)

(1.621.288)

(1.309.164)

(1.172.341)

(21.795.696)

(7.727.844)

(7.675.924)

Commitments Commitment receivables Outstanding irrevocable letters of credit Commitment liabilities Unused loan facilities granted Outstanding irrevocable letters of credit Commitment liabilities - net

386.751 274.741

185.007 192.629

(1.102.928) (784.953)

(893.267) (274.741)

(800.165) (192.629)

Contingencies Contingent receivables Interest on non-performing loans Standby letters of credit Contingent liabilities Bank guarantees Standby letters of credit

Liabilities kontinjensi - neto

(1.409.795)

(506.516)

(615.158)

Contingent liabilities - net

Liabilitas komitmen dan kontinjensi - neto

(23.205.491)

(8.234.360)

(8.291.082)

Commitments and contingent liabilities - net

478.086 -


89



PT BANK UOB INDONESIA CATATAN ATAS LAPORAN KEUANGAN Tahun yang Berakhir pada Tanggal-tanggal 31 Desember 2013, 2012 dan 2011 (Disajikan dalam Jutaan Rupiah, Kecuali Dinyatakan Lain) 32. Liabilitas atas Imbalan Kerja

32. Liability for Employee Benefits

Bank memiliki program pensiun iuran pasti dan juga mencatat liabilitas estimasi imbalan kerja atas uang pesangon, uang penghargaan masa kerja dan ganti kerugian kepada karyawan untuk menutupi kemungkinan kekurangan, sesuai dengan UU No. 13/2003 dan perjanjian ketenagakerjaan Bank.

The Bank has defined contribution retirement plan and also recognizes estimated liability for termination, gratuity and compensation benefits to cover any deficiency as provided under Law No. 13/2003 and the Bank’s labor agreement.

Program pensiun iuran pasti Bank dikelola oleh PT Asuransi Jiwa Manulife Indonesia (pihak ketiga).

The Bank’s defined contribution retirement plan is managed by PT Asuransi Jiwa Manulife Indonesia (a third party).

Iuran pensiun ditetapkan sebesar 16% dari gaji karyawan peserta dana pensiun, dimana 10% ditanggung Bank dan sisanya sebesar 6% ditanggung oleh karyawan. Beban pensiun Bank selama tahun yang berakhir pada tanggal-tanggal 31 Desember 2013, 2012 dan 2011 masingmasing berjumlah Rp75.989, Rp61.374 dan Rp51.702.

The contribution is determined at 16% of the employees’ salary who joined the pension plan, of which 10% is contributed by the Bank and the remaining 6% is contributed by the employee. The Bank’s pension expense for the years ended December 31, 2013, 2012 and 2011 amounted to Rp75,989, Rp61,374 and Rp51,702, respectively.

Estimasi liabilitas imbalan kerja karyawan pada tanggal 31 Desember 2013, 2012 dan 2011 dicatat berdasarkan penilaian aktuaria yang dilakukan oleh PT Sienco Aktuarindo Utama, aktuaris independen, berdasarkan laporannya masingmasing bertanggal 10 Januari 2014, 10 Januari 2013 dan 19 Januari 2012, dengan menggunakan metode “Projected Unit Credit”. Asumsi-asumsi penting yang digunakan dalam penilaian tersebut adalah sebagai berikut:

The estimated liabilities for employee benefits as of December 31, 2013, 2012 and 2011 were determined based on the actuarial valuations performed by PT Sienco Aktuarindo Utama, an independent actuary, in its reports dated January 10, 2014, January 10, 2013 and January 19, 2012, respectively, using the “Projected Unit Credit” method. The principal assumptions used in the valuations are as follows:

2013 Tingkat bunga diskonto Tingkat proyeksi gaji Tingkat kematian Usia pensiun

2012

8,50% 6% TMI2011 55 tahun/years old

2011

5,65% 6% TMI2011 55 tahun/years old

Beban imbalan kerja - neto

Beban imbalan kerja - neto (Catatan 29)

Discount interest rate Salary projection rate Mortality rate Retirement age

Employee benefits expense - net 2013

Beban jasa kini Beban bunga Amortisasi atas beban jasa lalu yang belum diakui - non-vested benefits Keuntungan biaya jasa lalu - vested Kerugian aktuarial yang diakui

8,50% 6% CSO 1980 55 tahun/years old

2012

2011

18.623 5.330

18.180 5.205

11.199 7.290

106 130 2.292

106 380

106 3.808

Current service cost Interest cost Amortization of unrecognized past service cost - non-vested benefits Gain on past service cost - vested Recognized actuarial losses

26.481

23.871

22.403

Employee benefits expense - net (Note 29)

90




PT BANK UOB INDONESIA CATATAN ATAS LAPORAN KEUANGAN Tahun yang Berakhir pada Tanggal-tanggal 31 Desember 2013, 2012 dan 2011 (Disajikan dalam Jutaan Rupiah, Kecuali Dinyatakan Lain) 32. Liabilitas atas Imbalan Kerja (lanjutan)

32. Liability for Employee Benefits (continued)

Jumlah imbalan kerja untuk tahun yang berakhir pada tanggal 31 Desember 2013 dan empat tahun sebelumnya adalah sebagai berikut: 2013 Nilai kini liabilitas imbalan kerja Biaya jasa lalu yang belum diakui Kerugian aktuarial yang belum diakui Liabilitas imbalan kerja

2012

Amounts for the year ended December 31, 2013 and previous four annual periods of employee benefits: 2011

2010

147.184 (1.066)

103.204 (1.172)

64.258 (1.278)

93.171 (1.384)

41.121 (2.210)

Present value of employee benefit obligations Unrecognized past service costs

(67.398)

(32.050)

(10.834)

(53.494)

(14.165)

Unrecognized actuarial losses

78.720

69.982

52.146

38.293

24.746

Jumlah penyesuaian yang timbul pada aset dan liabilitas program untuk tahun yang berakhir pada tanggal 31 Desember 2013 dan empat tahun sebelumnya adalah sebagai berikut: 2013 Nilai kini liabilitas Penyesuaian liabilitas

2009

2012

The amounts of experience adjustments arising on the plan liabilities and plan assets for the year ended December 31, 2013 and previous four annual periods of employee benefits: 2011

103.204

147.184

(5.488)

20.272

Saldo awal tahun Penambahan tahun berjalan Pembayaran manfaat Saldo akhir tahun

33. Jaminan Pemerintah terhadap Pembayaran Bank Umum

2010

2009

64.258

93.171

41.121

45.462

(27.006)

15.062

Perubahan liabilitas atas imbalan kerja untuk tahun yang berakhir pada 31 Desember 2013, 2012 dan 2011 adalah sebagai berikut: 2013

Employee benefits liability

Present value of benefit obligation Experience adjustment on liability

The movements of employees’ benefits liability for the years ended December 31, 2013, 2012 and 2011 are as follows: 2012

2011

69.982 26.480 (17.742)

52.146 23.871 (6.035)

38.293 22.403 (8.550)

78.720

69.982

52.146

Beginning balance Provisions during the year Payments of benefits Ending balance

Liabilitas

33. The Government Guarantee for The Payment of Obligations of Commercial Banks

Sehubungan dengan liabilitas bank umum yang dijamin oleh Program Penjaminan Pemerintah, Pemerintah Republik Indonesia telah mendirikan, sebuah lembaga independen berdasarkan Undang-undang Republik Indonesia No. 24 tahun 2004 tanggal 22 September 2004. Berdasarkan peraturan ini, Lembaga Penjamin Simpanan (LPS) menjamin dana masyarakat termasuk dana dari bank lain dalam bentuk giro, deposito, sertifikat deposito, tabungan dan/atau bentuk lainnya yang dipersamakan dengan itu. Pada tanggal 13 Oktober 2008, Presiden Republik Indonesia menetapkan Peraturan Pemerintah No. 66 Tahun 2008 tentang besaran nilai simpanan yang dijamin LPS. Berdasarkan peraturan tersebut, nilai simpanan yang dijamin untuk setiap nasabah pada satu Bank yang semula berdasarkan Undangundang No. 24 Tahun 2004 ditetapkan maksimum Rp100 diubah menjadi maksimum Rp2.000.

In connection with the obligations guaranteed by commercial bank under the Government Guarantee Program, the Indonesian Government has established an independent institution in accordance with the Republic of Indonesia Law No. 24 year 2004 dated September 22, 2004. Under this Law, The Deposit Guarantee Institution (Lembaga Penjamin Simpanan/LPS), guarantees third party deposits including deposits from other banks in the form of demand deposits, time deposits, certificates of deposit, savings deposits and/or other equivalent forms. On October 13, 2008, the President of the Republic of Indonesia approved Government Regulation No. 66 Year 2008 regarding the amount of guarantee on deposits guaranteed by LPS. Based on such Regulation, the guaranteed customers’ deposit amount in a Bank which was previously based Law No. 24 Year 2004 amounted to a maximum of Rp100 was amended to a maximum of Rp2,000.


91



PT BANK UOB INDONESIA CATATAN ATAS LAPORAN KEUANGAN Tahun yang Berakhir pada Tanggal-tanggal 31 Desember 2013, 2012 dan 2011 (Disajikan dalam Jutaan Rupiah, Kecuali Dinyatakan Lain) 34. Sifat dan Transaksi dengan Pihak Berelasi

34. Nature and Transaction Balances with Related Parties

Dalam kegiatan usaha normal, Bank melakukan transaksi usaha dan keuangan dengan pihakpihak berelasi.

In the Bank’s normal operations, the Bank have operational and financial transactions with related parties.

Rincian dari transaksi dengan pihak berelasi adalah sebagai berikut:

The details of transactions with related parties are as follows:

2013

Total Giro pada bank lain (Catatan 5) United Overseas Bank Ltd., Singapura United Overseas Bank, Inggris United Overseas Bank, Jepang United Overseas Bank, Hong Kong United Overseas Bank, Australia United Overseas Bank, Malaysia Total giro pada bank lain

Penempatan pada bank lain (Catatan 6) Call Money United Overseas Bank Ltd., Singapura Tagihan derivatif Swap valuta asing suku bunga United Overseas Bank Ltd., Singapura (Catatan 9)

2012 Persentase/ Percentage (%)

2011 Persentase/ Percentage (%)

Total

Persentase/ Percentage (%)

Total

Current accounts with other banks (Note 5) United Overseas Bank Ltd., Singapore United Overseas Bank, Great Britain United Overseas Bank, Japan United Overseas Bank, Hong Kong United Overseas Bank, Australia United Overseas Bank, Malaysia

322.122

0,45

420.176

0,71

146.064

0,27

33.694 36.445

0,05 0,05

53.081 31.995

0,09 0,05

35.283 17.117

0,06 0,03

1.411 623 46

0,00 0,00 0,00

1.478 504 39

0,00 0,00 0,00

357 460 36

0,00 0,00 0,00

394.341

0,55

507.273

0,85

199.317

0,36 Total current accounts with other banks

280.294

0,51

Placements with other banks (Note 6) Call Money United Overseas Bank Ltd., Singapore Derivatives Receivable Cross currency interest rate swap United Overseas Bank Ltd., Singapore (Note 9)

246.966

0,35

105.075

0,18

987

0,00

339

0,00

631

0,00

Kredit yang diberikan (Catatan 10)

407.662

0,57

348.724

0,58

354.423

0.64

Simpanan: Giro (Catatan 15) Tabungan (Catatan 16) Deposito berjangka (Catatan 17)

13.327 30.946 102.047

0,02 0,05 0,16

2.262 21.732 50.713

0,01 0,04 0,10

3.744 31.147 68.912

0,01 0,07 0,14

Deposits: Demand deposits (Note 15) Savings deposits (Note 16) Time deposits (Note 17)

Total simpanan

146.320

0,23

74.707

0,15

103.803

0,22

Total deposits

Loans (Note 10) Outstanding balances above

Simpanan dari bank lain: Call Money United Overseas Bank Ltd., Singapura (Catatan 18) Giro dari bank lain

1.010.110 3.946

1,63 0,00

819.188 3.939

1,61 0,00

507.780 3.886

1.06 0,00

Deposits from other banks Call Money United Overseas Bank Ltd., Singapura (Note 18) Demand deposits from other bank

Total simpanan dari bank lain

1.014.056

1,63

823.127

1,61

511.666

1,06

Total deposits from other banks Derivatives payable Cross currency interest rate swap United Overseas Bank Ltd., Singapore (Note 9)

Liabilitas derivatif Swap valuta asing suku bunga United Overseas Bank Ltd., Singapura (Catatan 9)

4.668

0,01

667

0,00

425

0,00

Swap suku bunga United Overseas Bank Ltd., Singapura (Catatan 9)

3.318

0,00

9.406

0,02

15.161

0,03

7.986

0,01

10.073

0,02

15.586

0,03

Total derivatives payable

0,01

Other liabilities Accrued expenses United Overseas Bank Ltd., Singapore Outsourcing cost United Overseas Bank Ltd., Singapore Capitalized to fixed assets Cardlink

Total liabilitas derivatif Liabilitas lain-lain Biaya yang masih harus dibayar United Overseas Bank Ltd., Singapura Biaya outsourcing United Overseas Bank Ltd., Singapura Dikapitalisasi ke aset tetap Cardlink Dibebankan pada usaha Cardlink CACS Wallstreet Merva SAP/CARS

23.128

0,04

15.066

0,03

4.558

6.018

0,01

5.820

0,01

7.506

0,01

7.684 3.875 3.251 2.428 126

0,39 0,19 0,16 0,12 0,01

7.622 2.605 2.582 2.256 286

0,43 0,14 0,14 0,13 0,02

7.784 3.379 2.746 2.143 483

0,50 0,22 0,18 0,14 0,03

17.364

0,86

15.351

0,86

16.535

1,07

92

Interest rate swap United Overseas Bank Ltd., Singapore (Note 9)

Charged to operations Cardlink CACS Wallstreet Merva SAP/CARS





34. Sifat dan Transaksi dengan Pihak Berelasi (lanjutan)

34. Nature and Transaction Balances with Related Parties (continued)

Keterangan:

Notes:

a.

Persentase dari giro pada bank lain, penempatan pada bank lain, tagihan derivatif, aset lain-lain dan kredit yang diberikan dihitung terhadap total aset pada masingmasing tanggal laporan posisi keuangan.

a.

The percentages of current accounts with other banks, placements with other banks, derivatives receivable, other assets and loans are computed based on the total assets at statements of financial position date.

b.

Persentase dari giro, tabungan, deposito berjangka, simpanan dari bank lain, liabilitas derivatif, dan biaya yang masih harus dibayar dihitung terhadap total liabilitas pada masingmasing tanggal laporan posisi keuangan.

b.

The percentages of demand deposits, savings deposit, time deposits, deposits from other banks, derivatives payable, and accrued expenses are computed based on the total liabilities at statements of financial position date.

c.

Persentase dari beban pemeliharaan gedung dihitung terhadap total beban umum dan administrasi untuk masing-masing tahun yang bersangkutan. Beban pemeliharaan gedung merupakan beban pemeliharaan atas gedung UOB Plaza - Thamrin Nine yang dibayarkan ke PT UOB Property.

c.

The percentages of building maintenance expenses are computed based on the total general and administrative expenses in each related year. The building maintenance expense represent the maintenance expenses of UOB Plaza - Thamrin Nine which was paid to PT UOB Property.

d.

Persentase dari beban umum dan administrasi lainnya dihitung terhadap total beban umum dan administrasi untuk masingmasing tahun yang bersangkutan.

d.

The percentage of other general and administrative expenses is computed based on the total general and administrative expenses for each year.

e.

Persentase dari biaya outsourcing yang dikapitalisasi ke aset tetap dihitung terhadap jumlah aset pada masing-masing tanggal laporan posisi keuangan, sedangkan persentase dari biaya outsourcing yang dibebankan pada usaha dihitung terhadap jumlah beban operasional lainnya untuk masing-masing tahun yang bersangkutan. Biaya outsourcing merupakan biaya yang dibebankan United Overseas Bank Limited (UOB) kepada Bank sehubungan dengan perubahan Master Outsourcing Agreement tertanggal 1 April 2008. UOB akan memberikan jasa peningkatan sistem dan teknologi informasi sehubungan dengan kartu kredit, tresuri dan aplikasi sistem umum di Bank. Sebagai imbalan atas jasa ini, Bank wajib membayar one time cost atas beban aktual dan recurring cost atas beban pemeliharaan serta biaya peningkatan sistem dan aplikasi teknologi informasi (enhancement cost) seperti yang diungkapkan dalam perjanjian tersebut.

e.

The percentage of outsourcing costs capitalized to fixed assets is computed based on total assets at statements of financial position, while the percentage of outsourcing costs charged to operations is computed based on the total other operational expenses for each related year. Outsourcing costs represent costs charged by United Overseas Bank Limited (UOB) to the Bank in connection with the amended Master Outsourcing Agreement dated April 1, 2008. UOB renders system enhancement and information technology related services on credit card, treasury and common systems applications in the Bank. As compensation to the services, the Bank is obliged to pay one time cost and recurring costs such as development and enhancement costs on the application stated in the agreement.


93




34. Sifat dan Transaksi dengan Pihak Berelasi (lanjutan)

34. Nature and Transaction Balances with Related Parties (continued)

Keterangan: (lanjutan)

Notes: (continued) This agreement shall remain in force for a period of one year commencing from the effective date of the agreement and shall be automatically renewed for another one year unless either of the party shall give the other party a written notice of intention not to renew the agreement at least six months prior to expiry. These transactions have been approved by the Bank’s independent shareholders on June 20, 2008.

Perjanjian ini berlaku untuk satu tahun sejak tanggal efektif perjanjian dan akan secara otomatis diperbaharui untuk satu tahun berikutnya, kecuali jika salah satu pihak memberikan pemberitahuan tertulis untuk tidak memperbaharui perjanjian tersebut dalam waktu enam bulan sebelum berakhirnya perjanjian. Transaksi ini telah mendapat persetujuan dari pemegang saham independen Bank pada tanggal 20 Juni 2008. f.

Pendapatan dan beban bunga dari/kepada pihak-pihak berelasi, yang dihasilkan/menjadi beban Bank berjumlah kurang dari 10% dari jumlah pendapatan dan beban bunga Bank untuk masing-masing tahun yang bersangkutan.

f.

Interest income and expenses from/to related parties, which are received/incurred by the Bank is less than 10% of the Bank’s total interest income and expenses, respectively, for each related year.

g.

Seluruh pihak yang berelasi dengan Bank merupakan pihak berelasi melalui kepemilikan atau pemegang saham, para manajemen kunci dan anggota keluarga terdekatnya.

g.

All related parties are related to the Bank due to common ownership/ shareholders, the key management personnel and their close family members.

35. Posisi Devisa Neto

35. Net Open Position The Net Open Positions (NOP) as of December 31, 2013, 2012 and 2011 are as follows:

Posisi Devisa Neto (PDN) pada tanggal 31 Desember 2013, 2012 dan 2011 adalah sebagai berikut: 2013 Mata Uang Asing (dalam jumlah penuh)/ Foreign Currencies (in full amount)

Aset/ Assets Keseluruhan (laporan posisi keuangan dan rekening administratif) Dolar Amerika Serikat Dolar Singapura Dolar Australia Euro Eropa Yen Jepang Franc Swiss Swedish Kroner Dolar Kanada Dolar Selandia Baru Ringgit Malaysia Dolar Hong Kong Pound Sterling Inggris Total

2.310.824.404 320.325.190 75.450.054 24.846.071 1.241.745.140 141.288 2.388.551 305.836 1.312.847 12.381 4.127.961 3.338.682

Liabilitas/ Liabilities

2.322.634.758 321.035.847 75.484.967 24.864.568 1.246.730.022 80.444 2.140.841 309.947 1.286.737 4.094.830 3.324.361

Ekuivalen Rupiah/ Rupiah Equivalent

Aset/ Assets


Posisi Devisa Neto/ Net Open Position

28.122.733 3.082.193 819.059 416.403 143.732 1.932 4.532 3.497 13.123 46 6.479 67.144

28.266.465 3.089.031 819.438 416.713 144.309 1.100 4.062 3.544 12.862 6.427 66.856

143.732 6.838 379 310 577 832 470 47 261 46 52 288

Aggregate (statements of financial position and and administrative accounts) United States Dollar Singapore Dollar Australian Dollar European Euro Japanese Yen Swiss Franc Swedish Kroner Canadian Dollar New Zealand Dollar Malaysian Ringgit Hong Kong Dollar Great Britain Pound Sterling

32.680.873

32.830.807

153.832

Total

94




PT BANK UOB INDONESIA CATATAN ATAS LAPORAN KEUANGAN Tahun yang Berakhir pada Tanggal-tanggal 31 Desember 2013, 2012 dan 2011 (Disajikan dalam Jutaan Rupiah, Kecuali Dinyatakan Lain) 35. Posisi Devisa Neto (lanjutan)

35. Net Open Position (continued)

Posisi Devisa Neto (PDN) pada tanggal 31 Desember 2013, 2012 dan 2011 adalah sebagai berikut:

The Net Open Positions (NOP) as of December 31, 2013, 2012 and 2011 are as follows: 2013

Mata Uang Asing (dalam jumlah penuh)/ Foreign Currencies (in full amount)

Aset/ Assets Laporan Posisi Keuangan Dolar Amerika Serikat Dolar Singapura Dolar Australia Euro Eropa Yen Jepang Franc Swiss Swedish Kroner Dolar Kanada Dolar Selandia Baru Ringgit Malaysia Dolar Hong Kong Pound Sterling Inggris

2.176.487.839 224.371.978 75.214.324 23.842.449 1.191.559.395 141.288 2.387.496 305.836 1.292.839 12.381 4.127.961 3.333.312

Total

Liabilitas/ Liabilities 2.126.757.108 270.267.484 75.364.200 23.902.118 1.245.278.618 80.444 2.139.787 309.947 1.256.724 4.094.830 3.324.361


Aset/ Assets



26.487.857 2.158.924 816.500 399.583 137.923 1.932 4.530 3.497 12.923 46 6.479 67.036

25.882.634 2.600.534 818.127 400.583 144.141 1.100 4.060 3.544 12.562 6.427 66.856

605.223 441.610 1.627 1.000 6.218 832 470 47 361 46 52 180

Statements of Financial Position United States Dollar Singapore Dollar Australian Dollar European Euro Japanese Yen Swiss Franc Swedish Kroner Canadian Dollar New Zealand Dollar Malaysian Ringgit Hong Kong Dollar Great Britain Pound Sterling

30.097.230

29.940.568

1.057.666

Total

Total Modal Tier I dan Tier II bulan November 2013 (tidak diaudit) setelah dikurangi dengan modal pengurang

8.809.718

Total Tier I and Tier II Capital November 2013 (unaudited) net of capital deduction

Rasio PDN atas modal November 2013 (tidak diaudit) (Laporan Posisi Keuangan)

12.01%

Percentage of NOP to November 2013 capital (unaudited) (Statements of Financial Financial Position)

Rasio PDN atas modal November 2013 (Keseluruhan) (tidak diaudit)

1.75%

Percentage of NOP to November 2013 capital (Aggregate) (unaudited)

Total Modal Tier I dan Tier II bulan Desember 2013 setelah dikurangi dengan modal pengurang (Catatan 37)

8.780.556

Rasio PDN atas modal Desember 2013 (Laporan Posisi Keuangan) Rasio PDN atas modal Desember 2013 (Keseluruhan)


95

Total Tier I and Tier II Capital December 2013 net of capital deduction (Note 37)

12.05%

Percentage of NOP to December 2013 capital (Statements of Financial Position)

1.75%

Percentage of NOP to December 2013 capital (Aggregate)




35. Net Open Position (continued) 2012


Aset/ Assets Keseluruhan (laporan posisi keuangan dan rekening administratif) Dolar Amerika Serikat Dolar Singapura Dolar Australia Euro Eropa Yen Jepang Franc Swiss Swedish Kroner Dolar Kanada Dolar Selandia Baru Ringgit Malaysia Dolar Hong Kong Pound Sterling Inggris



Aset/ Assets



44.435.416 5.325.477 169.957 635.500 217.955 14.850 22.988 1.177 13.170 39 12.240 182.936

44.435.921 5.331.942 162.156 634.295 216.267 12.623 22.783 1.168 12.599 12.413 183.444

505 6.465 7.801 1.205 1.688 2.227 205 9 571 39 173 508


51.031.705

51.025.611

21.396

Total

37.823.841 5.214.024 160.354 274.652 128.300 1.868 3.766 1.177 12.695 39 2.916 53.177

38.049.048 5.314.075 160.006 276.227 125.955 885 3.561 1.168 12.599 2.776 50.933

225.207 100.051 348 1.575 2.345 983 205 9 96 39 140 2.244


43.676.809

43.997.233

333.242

Total

8.073.544


4,13%

Percentage of NOP to November 2012 capital (unaudited) (Statements of Financial Financial Position)


0,27%



8.100.744


4,11%


0,26%


4.610.678.681 675.941.698 16.983.645 49.915.100 1.950.118.094 1.409.403 15.546.592 121.511 1.663.286 12.533 9.845.195 11.790.967

4.610.731.140 676.762.181 16.204.101 49.820.445 1.935.018.860 1.198.015 15.408.159 120.567 1.591.201 9.984.350 11.823.661

Total Laporan Posisi Keuangan Dolar Amerika Serikat Dolar Singapura Dolar Australia Euro Eropa Yen Jepang Franc Swiss Swedish Kroner Dolar Kanada Dolar Selandia Baru Ringgit Malaysia Dolar Hong Kong Pound Sterling Inggris

3.924.652.808 661.795.388 16.024.083 21.572.429 1.147.942.943 177.320 2.546.592 121.511 1.603.293 12.533 2.345.195 3.427.481

Total

3.948.020.652 674.494.405 15.989.251 21.696.162 1.126.959.384 83.965 2.408.159 120.567 1.591.201 2.232.716 3.282.817



Rasio PDN atas modal Desember 2012 (Laporan Posisi Keuangan) Rasio PDN atas modal Desember 2012 (Keseluruhan)

96





35. Net Open Position (continued) 2011


Aset/ Assets Keseluruhan (laporan posisi keuangan dan rekening administratif) Dolar Amerika Serikat Dolar Singapura Dolar Australia Euro Eropa Yen Jepang Franc Swiss Swedish Kroner Dolar Kanada Dolar Selandia Baru Ringgit Malaysia Dolar Hong Kong Pound Sterling Inggris



Aset/ Assets



30.733.553 2.798.869 205.757 439.396 113.202 73.200 17.408 4.829 21.773 36 1.699 100.868

30.705.912 2.790.712 202.298 440.389 112.391 72.494 17.001 4.431 21.518 1.675 100.877

27.641 8.157 3.459 993 811 706 407 398 255 36 24 9


34.510.590

34.469.698

42.896

Total

23.608.292 2.443.876 189.572 368.766 70.346 48.573 392 4.829 20.915 36 1.699 86.734

23.462.140 2.762.370 158.424 369.190 70.832 48.585 154 4.339 20.661 1.675 95.008

146.152 318.496 31.148 424 486 12 238 490 254 36 24 8.274


26.844.030

26.993.378

506.034

Total

7.531.910



6,72%

Percentage of NOP to November 2011 capital (unaudited) (Statements of Financial Position)


0,57%


7.394.259


Rasio PDN atas modal Desember 2011 (Laporan Posisi Keuangan)

6,84%


Rasio PDN atas modal Desember 2011 (Keseluruhan)

0,58%


3.389.418.634 400.780.563 22.350.885 37.507.921 969.033.177 7.599.682 13.299.359 543.469 3.110.113 12.510 1.455.257 7.217.589

3.386.370.182 399.612.487 21.975.108 37.592.667 962.091.060 7.526.442 12.987.838 498.732 3.073.809 1.435.404 7.218.257

Total Laporan Posisi Keuangan Dolar Amerika Serikat Dolar Singapura Dolar Australia Euro Eropa Yen Jepang Franc Swiss Swedish Kroner Dolar Kanada Dolar Selandia Baru Ringgit Malaysia Dolar Hong Kong Pound Sterling Inggris

2.603.616.392 349.947.710 20.592.756 31.478.735 602.176.095 5.042.879 299.331 543.469 2.987.672 12.510 1.455.257 6.206.250

Total

2.587.498.227 395.554.144 17.209.161 31.514.954 606.331.295 5.044.207 117.838 488.363 2.951.369 1.435.404 6.798.319




97




35. Net Open Position (continued)

Berdasarkan peraturan BI mengenai PDN sebagaimana telah direvisi melalui Peraturan BI No. 6/20/PBI/2004 pada tanggal 15 Juli 2004, yang terakhir diperbaharui dengan Peraturan BI No. 12/10/PBI/2010 tanggal 1 Juli 2010, PDN bank setinggi-tingginya adalah 20% dari modal. PDN merupakan jumlah absolut dari selisih antara aset dan liabilitas dalam mata uang asing, baik yang terdapat di laporan posisi keuangan maupun rekening administratif. PDN Bank pada tanggal 31 Desember 2013, 2012 dan 2011 telah memenuhi ketentuan BI.

In accordance with BI regulation concerning NOP as amended by BI Regulation No. 6/20/PBI/2004 on July 15, 2004 and as further amended by BI Regulation No. 12/10/PBI/2010 dated July 1, 2010, the maximum NOP of banks should be 20% of capital. NOP represents an absolute amount arising from the differences between the assets and liabilities in foreign currencies in the statements of financial position and administrative accounts. The NOP of the Bank as of December 31, 2013, 2012 and 2011 is in compliance with BI regulations.

36. Informasi Penting a.

Rasio Kewajiban Minimum

36. Significant Information Penyediaan

Modal

a.

Pada tanggal 31 Desember 2013, 2012 dan 2011, rasio Kewajiban Penyediaan Modal Minimum (KPMM) Bank yang dihitung berdasarkan PBI No. 10/15/PBI/2008 tanggal 24 September 2008, SE NO. 13/30/DPNP tanggal 16 Desember 2011 dan PBI NO. adalah sebagai berikut: 2013 Modal inti Modal disetor Cadangan tambahan modal Agio saham Laba bersih tahun berjalan Cadangan umum Saldo laba tahun-tahun yang lalu Selisih kurang antara PPA produktif dan cadangan kerugian nilai aset keuangan atas aset produktif Selisih nilai transaksi restrukturisasi antara entitas sepengendali Provisi atas aset non produktif yang diwajibkan Total modal inti

Capital Adequacy Ratio As of December 31, 2013, 2012 and 2011, the Bank’s Capital Adequacy Ratio (CAR) is computed in accordance with BI Regulation No. 10/15/PBI/2008 dated September 24, 2008 and SE NO. 13/30/DPNP dated December 16, 2011 as follows:

2012

2011

2.388.471

2.388.471

2.388.471

2.102.242 573.328 70.000 3.635.375

812.595 555.859 45.000 2.795.148

812.595 273.218 42.500 2.281.793

(549.224) -

(231.520) 1.289.647

(52.759) 8.167.433

(61.845) 7.593.355

(105.997) 1.289.647 (30.481)

Core capital Paid-in capital Additional capital Additional paid-in capital Current year income General reserves Prior years’ income Under difference between productive asset provision and reserve of financial asset losses over productive asset Difference in the value of restructuring transactions of entities under common control Non productive asset provision required

6.951.746

Total core capital

Modal pelengkap (maksimum 100% dari modal inti) Selisih nilai revaluasi aset tetap yang sebelumnya telah diklasifikasikan ke saldo laba Cadangan umum penyisihan kerugian aset produktif (maksimum 1,25% dari ATMR)

46.476

46.476

46.476

566.647

460.913

396.037

Supplementary capital (maximum of 100% of core capital) Revaluation increment on fixed assets which previously has been classified to retained earnings General reserves on allowance for possible losses on earning assets (maximum of 1.25% of RWA)

Total modal pelengkap

613.123

507.389

442.513

Total supplementary capital

8.780.556

8.100.744

7.394.259

Total capital

Total modal

98




PT BANK UOB INDONESIA CATATAN ATAS LAPORAN KEUANGAN Tahun yang Berakhir pada Tanggal-tanggal 31 Desember 2013, 2012 dan 2011 (Disajikan dalam Jutaan Rupiah, Kecuali Dinyatakan Lain) 36. Informasi Penting (lanjutan) a.

Rasio Kewajiban Minimum (lanjutan)

36. Significant Information (continued)

Penyediaan

Modal

2013

a.

Capital Adequacy Ratio (continued)

2012

2011

Aset Tertimbang Menurut Risiko Kredit

53.287.174

43.525.036

37.693.549

Credit Risk Weighted Assets

Aset Tertimbang Menurut Risiko Pasar

179.537

60.125

131.321

Market Risk Weighted Assets

Aset Tertimbang Menurut Risiko Operasional

5.309.417

4.706.403

4.155.263

Operational Risk Weighted Assets

Rasio KPMM Bank untuk Risiko Kredit

16,48%

18,61%

19,62%

Capital Adequacy Ratio for Credit Risk

Rasio KPMM Bank untuk Risiko Kredit dan Risiko Pasar

16,42%

18,59%

19,55%

Capital Adequacy Ratio for Credit Risk and Market Risk

17,61% 8,00%

Capital Adequacy Ratio for Credit Risk, Market Risk and Operational Risk Required Capital Adequacy Ratio

Rasio KPMM Bank untuk Risiko Kredit, Risiko Pasar dan Risiko Operasional Rasio KPMM yang diwajibkan

14,94% 8,00%

16,77% 8,00%

Berdasarkan Surat Edaran No. 11/3/DPNP tanggal 27 Januari 2009 mengenai Perhitungan ATMR untuk Risiko Operasional dengan menggunakan Pendekatan Indikator Dasar, Bank telah melakukan perhitungan Aktiva Tertimbang Menurut Risiko (ATMR) untuk Risiko Operasional. Menurut Surat Edaran tersebut, perhitungan ATMR untuk Risiko Operasional dilakukan secara bertahap, yaitu:

Based on Circular Letter No. 11/3/DPNP dated January 27, 2009 regarding the calculation of RWA for Operational Risk using the Basic Indicator Approach, the Bank has made the calculation of Risk Weighted Assets (RWA) for Operational Risk. According to the Circular Letter, the calculation of RWA for Operational Risk is applied gradually, as follows:

1.

1.

Since January 1, 2011 until June 30, 2011, the calculation of Operational Risk capital charge is set at 5% (five percent) of the average positive annual gross income during the last three years.

2.

Since July 1, 2011 until December 31, 2011, the calculation of Operational Risk capital charge is set at 10% (ten percent) of average positive annual gross income during the last three years.

3.

Since January 1, 2012, the calculation of Operational Risk capital charge is set at 15% (fifteen percent) of the average positive annual gross income during the last three years.

2.

3.

Sejak tanggal 1 Januari 2011 sampai dengan 30 Juni 2011, perhitungan beban modal Risiko Operasional ditetapkan sebesar 5% (lima persen) dari rata-rata pendapatan bruto positif tahunan selama tiga tahun terakhir. Sejak tanggal 1 Juli 2011 sampai dengan 31 Desember 2011, perhitungan beban modal Risiko Operasional ditetapkan sebesar 10% (sepuluh persen) dari ratarata pendapatan bruto positif tahunan selama tiga tahun terakhir. Sejak tanggal 1 Januari 2012, perhitungan beban modal Risiko Operasional ditetapkan sebesar 15% (lima belas persen) dari rata-rata pendapatan bruto positif tahunan selama tiga tahun terakhir.

In 2012, Bank IndonesiaI did a revision of the regulation and issued circular letter No. 14/37/DPNP regarding Capital Adequancy Ratio with Risk Profile and Capital Equivalency Maintained Assets (CEMA).

Pada tahun 2012 Bank Indonesia melakukan revisi atas peraturan tersebut dan mengeluarkan Surat Edaran No. 14/37/DPNP tentang Kewajiban Penyediaan Modal Minimum sesuai dengan Profil Risiko dan Pemenuhan Capital Equivalency Maintained Assets (CEMA). 212 | PT BANK UOB INDONESIA Annual Report 2013

99



PT BANK UOB INDONESIA CATATAN ATAS LAPORAN KEUANGAN Tahun yang Berakhir pada Tanggal-tanggal 31 Desember 2013, 2012 dan 2011 (Disajikan dalam Jutaan Rupiah, Kecuali Dinyatakan Lain) 36. Informasi Penting (lanjutan) a.

Rasio Kewajiban Minimum (lanjutan)

Penyediaan

36. Significant Information (continued) Modal

a.

Capital Adequacy Ratio (continued)

Bank wajib memiliki dan menerapkan proses perhitungan kecukupan modal secara internal atau Internal Capital Adequancy Assessment Process (ICAAP). Komponen ICAAP paling kurang mencakup : a. Pengawasan Aktif Dewan Komisaris dan Direksi b. Penilaian Kecukupan Modal c. Pemantauan dan Pelaporan d. Pengendalian Internal

The Bank is obliged to have and apply the process of capital adequancy calculation internally or Internal Capital Adequancy Assessment Process (ICAAP). The components of ICAAP : a. Active Supervision of Board of Commissioners and Board of Directors b. Capital Adequancy Assessment c. Monitoring and Reporting d. Internal control

Bank juga wajib menyediakan modal minimum sesuai dengan profil risiko, sebagai berikut:

Bank also provides the minimum capital required according to the risk profile, as follow: a. 8% of the RWA for bank with a rating of 1 risk profile; b. 9% until less than 10% of the RWA for bank with a risk profile rating 2; c. 10% until less than 11% of the RWA for bank with a risk profile rating 3; d. 11% until 14% of RWA for bank with risk profile ratings of 4 or 5.

a. 8% dari ATMR untuk Bank dengan profil risiko peringkat 1; b. 9% s.d kurang dari 10% dari ATMR untuk Bank dengan profil risiko peringkat 2; c. 10% s.d kurang dari 11% dari ATMR untuk Bank dengan profil risiko peringkat 3; d. 11% s.d 14% dari ATMR untuk Bank dengan profil risiko peringkat 4 atau peringkat 5.

Besides providing the minimum capital adequacy risk profile, based on PBI No.15/12/PBI/2013 dated 12 Desember 2013, Banks also required to establish additional capital as a buffer , as follows:

Selain kewajiban penyediaan modal minimum sesuai profil risiko, berdasarkan PBI No. 15/12/PBI/2013 tanggal 12 Desember 2013, Bank juga wajib membentuk tambahan modal sebagai penyangga (buffer), sebagai berikut: a. Capital Conversation Buffer sebesar 2,5% (dua koma lima persen) dari ATMR b. Countercyclical Buffer sebesar 0% (nol persen) sampai dengan 2,5% (dua koma lima persen) dari ATMR c. Capital Surcharge untuk D-SIB sebesar 1% (satu persen) sampai dengan 2,5% (dua koma lima persen) dari ATMR

a. Capital Conversation Buffer in the amount of 2.5% (two coma five percent) from RWA b. Countercyclical Buffer in the amount of 0% (zero percent) up to 2.5% (two coma five percent) from RWA c. Capital Surcharge for D-SIB in the amount of 1% (one percent) up to 2.5% (two coma five percent) from RWA

PBI No. 15/12/PBI/2013 akan berlaku efektif secara bertahap mulai 1 Januari 2016 hingga 1 Januari 2019.

PBI No.15/12/PBI/2013 will be effective gradually starting on January 1, 2016 until January 1, 2019.

100




PT BANK UOB INDONESIA CATATAN ATAS LAPORAN KEUANGAN Tahun yang Berakhir pada Tanggal-tanggal 31 Desember 2013, 2012 dan 2011 (Disajikan dalam Jutaan Rupiah, Kecuali Dinyatakan Lain) 36. Informasi Penting (lanjutan) b.

36. Significant Information (continued)

Rasio-rasio keuangan lainnya

b.

2013 Permodalan: KPMM dengan memperhitungkan: risiko kredit (butir a) risiko kredit dan pasar (butir a) risiko kredit, risiko pasar dan operasional (butir a) Aset tetap terhadap modal Kualitas Aset: NPL - gross (Catatan 11) NPL - net (Catatan 11) Rentabilitas (tidak diaudit): Laba sebelum pajak terhadap rata-rata: Aset Ekuitas Pendapatan bunga bersih terhadap rata-rata total aset produktif Beban operasional terhadap pendapatan operasional Likuiditas: Penyaluran kredit terhadap dana pihak ketiga Kepatuhan: Batas Maksimum Pemberian Kredit: Pihak berelasi Giro Wajib Minimum Utama - Rupiah (Catatan 4) Posisi Devisa Neto (Catatan 36)

2012

2011

16,48%

18,61%

19,62%

16,42%

18,59%

19,55%

14,94% 18,66%

16,77% 18,28%

17,61% 18,99%

1,63% 1,15%

1,81% 1,13%

1,53% 1,17%

Capital CAR for: credit risk (point a) credit risk and market risk (point a) credit risk, market risk and operasional risk(point a) Fixed assets to equity Earning Assets Quality: NPL - gross (Note 11) NPL - net (Note 11) Rentability (unaudited):

2,38% 14,29%

2,60% 14,97%

2,30% 11,43%

4,55%

5,07%

5,14%

77,70%

74,61%

77,55%

Return on assets Return on equity Net interest income to average total earning assets Operational expenses to operational income Liquidity:

91,15%

96,64%

91,70%

0,00%

0,00%

0,00%

8,12% 1,75%

8,10% 0,26%

8,10% 0,58%

Pada tahun 2012 Bank Indonesia melakukan revisi atas peraturan tersebut dan mengeluarkan Surat Edaran No. 14/37/DPNP tentang Kewajiban Penyediaan Modal Minimum sesuai dengan Profil Risiko dan Pemenuhan Capital Equivalency Maintained Assets (CEMA).


Other financial ratios

Loan to deposit ratio Compliance: Legal Lending Limit: Related parties Primary Minimum Reserve Requirement - Rupiah (Note 4) Net Open Position (Note 36)

In 2012, Bank IndonesiaI did a revision of the regulation and issued circular letter No. 14/37/DPNP regarding Capital Adequancy Ratio with Risk Profile and Capital Equivalency Maintained Assets (CEMA).

101








PT BANK UOB INDONESIA NOTES TO THE FINANCIAL STATEMENTS Years Ended December 31, 2013, 2012 and 2011 (Expressed in Millions of Rupiah, Unless otherwise Stated)

PT BANK UOB INDONESIA CATATAN ATAS LAPORAN KEUANGAN Tahun yang Berakhir pada Tanggal-tanggal 31 Desember 2013, 2012 dan 2011 (Disajikan dalam Jutaan Rupiah, Kecuali Dinyatakan Lain) 38. Kebijakan Manajemen Risiko

38. Risk Management Policies

Risiko keuangan dan non-keuangan merupakan bagian yang melekat dalam bisnis Bank. Risiko dikelola dalam tingkat yang disetujui oleh Direksi dan dipantau oleh Dewan Komisaris. Sebuah kerangka kerja yang komprehensif atas kebijakan dan prosedur yang ditetapkan untuk identifikasi, pengukuran, pemantauan dan pengendalian risiko.

Financial and non-financial risks are inherent in the Bank’s business. Risks are managed within levels approved by the Board of Directors and oversight by Board of Commissioners. A comprehensive framework of policies and procedures is established for the identification, measurement, monitoring and control of risks.

Risiko Kredit

Credit Risk

Risiko kredit didefinisikan sebagai risiko kerugian yang timbul dari kegagalan debitur atau counterparty dalam memenuhi kewajiban keuangannya pada saat jatuh tempo.

Credit risk is defined as the risk of loss arising from any failure by a debtor or a counterparty to fulfill its financial obligations as and when they fall due.

Dalam mengelola eksposur risiko kredit, Bank menerapkan beberapa prinsip dasar sebagai berikut:

In managing credit risk exposure, the Bank applies several basic principles as follows:

1.

1.

2.

Pemisahan fungsi Pengaju Kredit

Penyetuju

Kredit

dari

Segregation of Credit Approval from Credit Origination

Terdapat pemisahan tugas antara Unit Bisnis, Unit Administrasi Kredit, Unit Penyetuju Kredit, dan Unit Manajemen Risiko untuk menjaga independensi dan integritas fungsi kredit.

There is segregation of duties between Business Unit, Credit Administration Unit, Credit Approval Unit, and Risk Management Unit to maintain independence and integrity of the various credit functions.

Unit Manajemen Risiko Kredit, melakukan pengawasan independen terhadap risiko kredit dan bertanggung jawab atas analisis dan pelaporan dari semua elemen risiko kredit kepada manajemen senior dan Direksi.

Credit Risk Management (“CRM”) Unit, provides independent oversight of credit risk and is responsible for the analysis and reporting of all elements of credit risk to the senior management and the Board of Director. 2.

Kebijakan dan Prosedur Risiko Kredit

Credit Risk Policies and Procedures

Bank telah menerbitkan beberapa kebijakan terkait untuk mengelola risiko kredit antara lain:

The Bank has put in place the following policies, among others, to manage credit risk:

a.

Kebijakan Kredit Umum yang mengatur tata cara pemberian kredit dan berbagai prinsip dan standar kredit yang berlaku secara umum, untuk mengelola risiko kredit Bank.

a.

The General Credit Policy that governs the principles of credit extension and the broad credit principles and standards by which the Bank undertakes and manages credit risk.

b.

Kebijakan Kredit Konsumer yang mengatur tata cara pemberian kredit konsumer dan berbagai prinsip dan standar kredit guna mengelola risiko kredit Bank pada segmen konsumer.

b.

The Consumer Credit Policy that governs the principles of consumer credit extension, the credit principles and standards by which the Bank undertakes and manages credit risk for the consumer segment.

108




PT BANK UOB INDONESIA CATATAN ATAS LAPORAN KEUANGAN Tahun yang Berakhir pada Tanggal-tanggal 31 Desember 2013, 2012 dan 2011 (Disajikan dalam Jutaan Rupiah, Kecuali Dinyatakan Lain) 38. Kebijakan Manajemen Risiko (lanjutan) 2.

3.

Kebijakan (lanjutan)

dan

Prosedur

Risiko

38. Risk Management Policies (continued) 2.

Kredit

Credit Risk (continued)

Policies

and

Procedures

c.

Kebijakan Manajemen Risiko Konsentrasi Kredit untuk mengelola risiko konsentrasi kredit.

c.

The Credit Concentration Risk Management Policy that manages credit concentration risk.

d.

Kebijakan Mitigasi Risiko Kredit yang menentukan jenis dan persyaratan minimum pada agunan, jaminan dan kredit derivatif guna memenuhi persyaratan modal.

d.

The Credit Risk Mitigation Policy that specifies the types and minimum requirements for collateral, guarantees and credit derivatives to be eligible for capital relief.

e.

Pedoman Restrukturisasi Kredit yang memberikan pedoman restrukturisasi kredit bagi debitur yang mengalami kesulitan dalam memenuhi kewajibannya kepada Bank.

e.

The Credit Restructuring Guideline that gives guidance on credit restructuring for borrowers who have difficulties to meet their obligation to the bank.

f.

Kebijakan Klasifikasi Aset yang memberikan pedoman atas pengkategorian eksposur ke dalam Kelas Aset Basel II untuk perhitungan Aktiva Tertimbang Menurut Risiko.

f.

The Asset Classification Policy that gives the guidelines for classifying exposures into the Basel II Asset Classes for Risk Weighted Asset calculation.

g.

Alur kerja untuk Proses ECAI (External Credit Assessment Institutions) Basel II yang memberikan pedoman untuk menghasilkan dan menjaga peringkat eksternal debitur untuk perhitungan Aktiva Tertimbang Menurut Risiko.

g.

The Workflow for Basel II ECAI (External Credit Assessment Institutions) Process that gives the guidelines for obtaining and maintaining the external ratings of debtors for Risk Weighted Asset calculation.

Pengelolaan Kredit

dan

Pemantauan

Portofolio

3.

Management Portfolio

and

Monitoring

of

Credit

Unit Manajemen Risiko Kredit menjadi pengawas independen dan melakukan pemantauan portofolio dengan melakukan kaji ulang secara berkala atas risiko internal dan eksternal dan parameter-parameter risiko (seperti: tren delinquency, special mention, watch list accounts, risiko konsentrasi, pergerakan kualitas kredit, dll).

Credit Risk Management Unit provides independent oversight and performs portfolio monitoring by conducting regular reviews of internal and external risk environment and risk parameters (i.e delinquency trend, special mention, watch list accounts, concentration risk, loan quality movement, etc).

Pengelolaan Risiko Konsentrasi Kredit

Credit Concentration Risk Management

Risiko konsentrasi kredit didefinisikan sebagai eksposur tunggal atau eksposur kelompok yang berpotensi menghasilkan kerugian yang cukup besar (relatif terhadap modal Bank, total aktiva, atau tingkat risiko secara keseluruhan) yang mungkin mengancam kesehatan Bank atau kemampuan Bank untuk mempertahankan operasi intinya. Dimana kredit adalah aktivitas utama Bank, risiko konsentrasi kredit adalah risiko yang sangat material.

Credit risk concentration is defined as any single exposure or group of exposures with the potential to produce losses large enough (relative to the Bank’s capital, total assets, or overall risk level) to threaten the Bank’s health or ability to maintain its core operations. As lending is the Bank’s primary activity, credit risk concentration is its most material risk.


109




Pengelolaan dan Kredit (lanjutan)

Pemantauan

38. Risk Management Policies (continued) 3.

Portofolio

Management and Monitoring Portfolio (continued)

of

Credit

Manajemen Kredit Bermasalah

Managing Non-Performing Credits

Kredit bermasalah dikelola secara terpusat oleh unit independen, Special Asset Management (SAM). SAM terdiri dari dua unit:

Non-performing credits are centrally managed by an independent unit, Special Asset Management (SAM). SAM consists of two units

1.

2.

Unit Restrukturisasi yang secara proaktif mengelola kredit bermasalah. Tujuan utamanya adalah untuk menangani kredit bermasalah kembali lancar sehingga akun tersebut dapat ditransfer kembali ke Unit Bisnis; dan Unit Recovery yang mengelola kredit bermasalah dengan tujuan utama memaksimalkan pemulihan hutang.

1.

2.

The Restructuring Unit which proactively manages the non-performing credits. Its primary goal is to handle non-performing credits back to health so that these accounts can be transferred back to the Business Units; and The Recovery Group which manages non-performing credits with the primary goal to maximize debt recovery.

Penghapusbukuan kredit meningkat selama tahun 2013 dengan mayoritas penghapusbukuan berasal dari portofolio kartu kredit. Kredit bermasalah dari portofolio kartu kredit dihapusbukukan secara otomatis ketika tunggakan sudah mencapai lebih dari 180 hari.

Credit write-offs increased in 2013 with the majority write-off from credit card portfolio. Non-performing credit cards were automatically written-off when the delinquency exceeded 180 days.

Eksposur Kredit pada Basel II

Credit exposures under Basel II

Saat ini Bank menggunakan Pendekatan Standar berdasarkan Basel II dalam mengukur aktiva tertimbang menurut risiko (ATMR) untuk risiko kredit. Informasi dan pedoman rating ATMR untuk risiko kredit diatur dalam Kebijakan Klasifikasi Aset.

Bank currently uses the Standardized Approach under Basel II to measure the risk weighted asset (RWA) for credit risk. The information and guidelines of rating for RWA for credit risk is regulated in the Asset Classification Policy.

Pada pendekatan standar, eksposur Bank dibagi menjadi 11 klasifikasi aset dan portofolio, sebagai berikut:

Under the Standardized Approach, Bank’s exposures are classified into 11 asset classifications and portfolios, as follows:

a. b.

Pemerintah Entitas Sektor Publik Bukan Pemerintah Pusat Bank Pembangunan Multilateral Bank Korporasi Karyawan/Pensiunan Kredit Beragunan Rumah Tinggal Kredit Beragunan Real Estate Komersial

a. b.

Klaim yang telah jatuh tempo Aset Lainnya Kredit pada Bisnis Mikro, Bisnis Kecil, dan Portofolio Ritel

i. j. k.

c. d. e. f. g. h. i. j. k.

c. d. e. f. g. h.

110

Sovereign Non Central Government Public Sector Entities Multilateral Development Bank Banks Corporate Employee/Retiree Claim Secured by Residential Property Claim Secured by Commercial Real Estate Overdue Claims Other Assets Claims on Micro Business, Small Business, and Retail Portfolio






Pemantauan

38. Risk Management Policies (continued)

Portofolio

3.


of

Credit

Eksposur Kredit pada Basel II (lanjutan)

Credit exposures under Basel II (continued)

Saat ini, Bank hanya mengakui peringkat internasional dari Moody `s, Standard and Poor dan Fitch.

Currently, Bank only recognizes international ratings from Moody's, Standard's and Poor and Fitch.

Pengembangan Infrastruktur dan Persiapan Penerapan Basel II

Development of Infrastructures and Preparation of Basel II Internal Rating Based Implementation

Bank telah memulai persiapan untuk penerapan pendekatan berdasarkan Internal Rating (IRB) Basel II. Steering Committee Basel II telah dibentuk untuk mendorong inisiatif ini. Untuk tujuan ini, perangkat tambahan yang signifikan telah dibuat pada sistem, proses, dan praktik manajemen risiko Bank untuk mencapai kepatuhan terhadap Basel II IRB.

The Bank has commenced its preparation for the adoption of Basel II Internal Rating Based (IRB) Approach. The Basel II Steering Committee has been established to drive this initiative. To this end, significant enhancements have been made to the Bank’s risk management systems, processes and practices to achieve Basel II IRB compliance.

Eksposur maksimum aset keuangan Bank untuk risiko kredit sebelum memperhitungkan agunan dan jaminan kredit lainnya adalah sebesar nilai tercatatnya (carrying value). Lihat Catatan 40 untuk informasi mengenai carrying value dan nilai wajar dari instrumen keuangan Bank.

The Bank’s financial asset’s maximum exposure to credit risk before taking into account any collateral and other credit enhancements is its carrying value. Please refer to Note 40 for the information regarding the carrying value and fair value of the Bank’s financial instruments.

Bank menetapkan jenis dan nilai agunan yang dijaminkan sesuai skema kredit. Jenis dari agunan terdiri dari tanah dan bangunan, simpanan dan lainnya.

Bank determines the type and value of collateral pledged regarding to its credit scheme. Type of collateral consist of properties, deposits and others.

Informasi kualitas kredit belum jatuh tempo dan tidak mengalami penurunan nilai pada tanggal 31 Desember 2013:

The information on the credit quality of neither past due nor impaired financial assets on 31 December, 2013:

Belum Jatuh Tempo dan tidak mengalami penurunan nilai/ neither past due not impaired

Kas Giro pada Bank Indonesia Giro pada bank lain Penempatan pada Bank Indonesia dan bank lain Efek-efek yang diperdagangkan Investasi keuangan Tagihan derivatif Tagihan Akseptasi Kredit yang diberikan Aset lain-lain - neto

Jatuh Tempo dan tidak mengalami penurunan nilai/ Past-due but not impaired

Mengalami penurunan nilai/

Impaired

Total

662.074 4.760.162 1.160.900

-

-

662.074 4.760.162 1.160.900

3.119.976 578.308 5.646.652 350.281 1.845.261 50.948.970 406.498

417.599 -

849.523 -

3.119.976 578.308 5.646.652 350.281 1.845.261 52.216.092 406.498


69.479.082

417.599

849.523

70.746.204

Neto

69.429.524

(49.558)


(45.804) 371.795

111

(250.290) 599.233

(345.652) 70.400.552

Cash Current account with Bank Indonesia Current accounts with other banks Placements with Bank Indonesia and other banks Trading securities Financial investment Derivatives receivable Acceptances receivable Loans Other assets - net Total Allowance for impairment losses Net



PT BANK UOB INDONESIA CATATAN ATAS LAPORAN KEUANGAN Tahun yang Berakhir pada Tanggal-tanggal 31 Desember 2013, 2012 dan 2011 (Disajikan dalam Jutaan Rupiah, Kecuali Dinyatakan Lain) 38. Kebijakan Manajemen Risiko (lanjutan)


Risiko Kredit (lanjutan) 3.


Credit Risk (continued) Pemantauan

3.

Portofolio

Analisis umur pinjaman yang jatuh tempo tetapi tidak mengalami penurunan pada tanggal 31 Desember 2013: Kurang dari 30 hari/ Less than 30 days


of

Credit

The aging analysis of past due but not impaired loans on 31 December, 2013:

31 sampai 60 hari/ 31 to 60 days

Lebih dari 60 hari/ More than 60 days

Total

Modal kerja Investasi Konsumen Karyawan

93.659 51.159 136.760 413

44.339 15.918 21.054 -

20.510 22.045 9.789 -

158.508 89.122 167.603 413

Working capital Investment Consumer Employee

Total

281.991

81.311

52.344

415.646

Total


(33.170)

(7.838)

(4.796)

(45.804)

Neto

248.821

73.473

47.548

369.842

Allowance for impairment losses Net

Risiko Pasar

Market Risk

Risiko pasar timbul dari perubahan tingkat suku bunga, nilai tukar valuta asing, dan spread kredit, serta korelasi dan volatilitas. Risiko pasar terdapat pada aktivitas bisnis tresuri.

Market risk arises from changes in interest rates, foreign exchange rates and credit spreads, as well as their correlations and implied volatilities.

Kerangka kerja risiko pasar Bank terdiri dari kebijakan dan praktek risiko pasar, pendelegasian wewenang dan limit risiko pasar, validasi atas penilaian dan model risiko, dll. Kerangka kerja ini juga meliputi proses produk / aktivitas baru untuk memastikan isu-isu risiko pasar telah diidentifikasi secara memadai sebelum diluncurkan.

The Bank’s market risk framework comprises market risk policies and practices, delegation of authority and market risk limits, validation of valuation and risk models, etc. This framework also encompasses the new product / service program process to ensure the identified market risk issues are adequately addressed prior to launch.

Direksi mendelegasikan wewenang kepada Komite Aktiva dan Pasiva (ALCO) untuk melakukan pengawasan aktif terhadap manajemen risiko pasar. ALCO melakukan kajian dan memberikan arahan atas seluruh hal terkait risiko pasar.

The Board of Directors delegates authority to the Assets and Liabilities Committee (ALCO) to active monitoring on market risk management. ALCO reviews and provide direction on all market risk related matters.

Bank telah menetapkan tugas dan tanggung jawab pada setiap tingkat pada posisi yang terkait pelaksanaan manajemen risiko pasar disesuaikan dengan tujuan, kebijakan bisnis, ukuran, dan kompleksitas Bank. Tugas dan tanggung jawab ini terdapat pada Kebijakan Manajemen Risiko Pasar.

The Bank has established the roles and responsibilities on each level of the position which related to the implementation of market risk management tailored with the purpose, business policy, size and complexity of the Bank. The roles and responsibilities are clearly stated in the Market Risk Management Policy.

112






Risiko Pasar (lanjutan)

Market Risk (continued)

Bank menggunakan Pendekatan Standar untuk menghitung modal risiko pasar sesuai dengan ketentuan Bank Indonesia tentang Kewajiban Penyediaan Modal Minimum. Bank memiliki modal yang kuat dengan rasio kecukupan modal sebesar 14,94% pada Desember 2013, melebihi dari persyaratan minimum Bank Indonesia sebesar 8%. Modal Bank lebih dari cukup untuk menutup potensi kerugian yang mungkin timbul dari fluktuasi tingkat bunga dan nilai tukar.

The Bank adopts the Standardized Approach to calculate the regulatory market risk capital in compliance with Bank Indonesia’s regulation on Capital Adequacy Ratio. The Bank has a strong capital base with Capital Adequacy Ratio of 14.94% as of December 2013, which is higher than Bank Indonesia’s minimum requirement of 8%. The Bank’s capital is more than sufficient to cover any potential loss that might arise from interest rate and exchange rate fluctuations.

Secara internal, risiko pasar diukur dan dikendalikan menggunakan model internal. Bank mengadopsi Value at Risk (VaR) menggunakan simulasi historis untuk mengukur potensi kerugian pada tingkat kepercayaan 99% dengan menggunakan data historis 300 hari. Perkiraan VaR diuji kembali dengan menggunakan data laba dan rugi pada buku perdagangan untuk memvalidasi keakuratan metodologi tersebut. Proses pengujian kembali ini dilakukan guna menganalisa apakah penyimpangan yang terjadi disebabkan oleh kelemahan pada model perhitungan atau karena pergerakan pasar. Seluruh penyimpangan pada model ditangani dengan penyempurnaan model tersebut. Untuk melengkapi pengukuran VaR, stress test dilakukan pada portofolio buku perdagangan untuk mengidentifikasi ketahanan Bank dalam kondisi krisis (tidak diaudit).

Internally, the market risk is measures and controls are based on internal models. The bank adopts the historical simulation Value at Risk (VaR) to measure the potential loss at a 99% confidence level using 300 historical price changes. VaR estimates are back tested against profit and loss of trading book to validate the robustness of the methodology. The back testing process analyses whether the exceptions are due to model deficiencies or market volatility. All model deficiencies are addressed with appropriate model enhancements. To complement the VaR measurement, stress test is performed on the trading portfolio in order to identify the Bank’s vulnerability in the event of crisis (unaudited).

2013 Akhir Tahun/ Year end

Tinggi/ High

Rendah/ Low

Rata-rata/ Average

SGD Thousand

SGD Thousand

SGD Thousand

SGD Thousand

85

682

85

268

Total VaR

a.

a.

Risiko Nilai Tukar Risiko nilai tukar adalah risiko pada pendapatan dan nilai ekonomis dari aset, kewajiban, dan derivatif keuangan dalam mata uang asing yang disebabkan oleh fluktuasi nilai tukar.


Total VaR

Foreign Exchange Risk Foreign exchange risk is the risk to earnings and economic value of foreign currency assets, liabilities and financial derivatives caused by fluctuation in foreign exchange rates.

113







a.

a.

Risiko Nilai Tukar (lanjutan)

Foreign exchange risk is managed through policies and risk limits approved by the Asset and Liability Committee (“ALCO”). The limits include Value-at-risk limit, FX NOP Limit, PV01 Limit, exposure by currency, maximum maturities and etc. Market Risk Control (“MRC”) Unit on a daily basis monitors market risk activities and/or exposures against the approved ALCO limits, and escalates any excesses to appropriate channel for approval/ratification.

Risiko nilai tukar dikelola melalui kebijakan dan limit risiko yang disetujui oleh Komite Aktiva dan Pasiva (“ALCO”). Limit tersebut meliputi limit Value-at-Risk, limit FX NOP, limit PV01, eksposur berdasarkan mata uang, maksimum jatuh tempo, dan lainnya. Unit Market Risk Control (“MRC”) secara harian memantau aktivitas risiko pasar dan/atau ekposur terhadap limit yang telah disetujui oleh ALCO, dan melaporkan kejadian pelampauan limit kepada pejabat terkait untuk mendapatkan persetujuan/pengesahan. b.

Foreign Exchange Risk (continued)

Risiko Suku Bunga di Banking Book

b.

Interest Rate Risk in Banking Book

Risiko Suku Bunga pada Banking Book didefinisikan sebagai risiko potensi penurunan atau kerugian pada rentabilitas (pendapatan bunga bersih) dan modal (nilai ekonomis Bank) akibat perubahan dari suku bunga.

Interest Rate Risk in the Banking Book is defined as the risk of potential reduction in or loss of earnings (net interest income) and capital (the economic value of the Bank) due to changes in interest rates environment.

Eksposur dinilai secara bulanan menggunakan analisa statis, seperti jadwal repricing dan analisa sensitivitas. Perangkat tersebut dapat memberikan indikasi atas dampak potensial perubahan suku bunga pada pendapatan bunga dan harga melalui analisa sensitivitas pada aktiva dan pasiva ketika suku bunga mengalami perubahan. Kesenjangan pada tenor yang lebih panjang akan mengalami perubahan price-value yang lebih besar dibandingkan dengan posisi serupa pada tenor yang lebih pendek.

Exposure is quantified on a monthly basis using static analysis tools, such as repricing schedules and sensitivity analysis. They provide indications of the potential impact of interest rate changes on interest income and price value through the analysis of the sensitivity of assets and liabilities to changes in interest rates. Mismatches in the longer tenor will experience greater change in the price-value of interest rate positions than similar positions in the shorter tenor.

Pendekatan pada rentabilitas (pendapatan suku bunga bersih atau NII) dan nilai ekonomis pada ekuitas (EVE) diterapkan untuk mengukur risiko suku bunga dari perubahan suku bunga menggunakan berbagai macam skenario suku bunga, seperti perubahan bentuk pada kurva suku bunga, yang meliputi skenario perubahan suku bunga yang tertinggi dan terendah.

Both the earnings (or net interest income or NII) and economic value of equity (EVE) approaches are applied to assess interest rate risk from interest rates changes in different interest rate scenarios such as changes in the shape of yield curve, including high and low scenarios.

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b.

b.

Risiko Suku Bunga di Catatan Perbankan (lanjutan)

Interest Rate (continued)

Risk

in

Banking

Book

Stress testing is also performed regularly to determine the adequacy of capital in meeting the impact of extreme interest rate movements on the balance sheet. Such tests are also performed to provide early warnings of potential extreme losses, facilitating the proactive management of interest rate risks in an environment of rapid financial market changes.

Stress testing juga dilakukan secara berkala untuk menentukan kecukupan modal dalam memenuhi dampak ekstrim perubahan suku bunga pada neraca. Tes tersebut juga dilakukan guna memberikan peringatan dini atas potensi kerugian ekstrim, guna mendukung pengelolaan risiko suku bunga secara pro-aktif dalam menyesuaikan perubahan pada pasar keuangan yang cepat. Risiko Likuiditas

Liquidity Risk

Risiko likuiditas didefinisikan sebagai risiko terhadap pendapatan atau modal Bank dari ketidakmampuan Bank untuk memenuhi kewajiban keuangannya atau peningkatan dana pada aset ketika jatuh tempo, tanpa menimbulkan biaya atau kerugian yang signifikan.

Liquidity risk is defined as the risk to a bank’s earnings or capital from its inability to meet its obligations or fund increases in assets as they fall due, without incurring significant costs or losses.

Risiko likuiditas diukur dan dikelola melalui proyeksi arus kas menggunakan skenario ’business as usual’, ’bank-specific crisis’ dan ’general market crisis'. Behavioral modelling dilakukan secara berkala untuk memastikan arus kas telah mencerminkan perilaku kegiatan bisnis secara normal. Pendanaan inti (core deposits) umumnya terdiri dari dana stabil non-Bank seperti giro, tabungan dan deposito. Bank memantau stabilitas pendanaan inti dengan menganalisa volatilitas secara berkala. Fungsi kerja Market and Balance Sheet Risk Management bertanggung jawab untuk menyempurnakan, menerapkan, menjaga, mengkaji ulang, mengembangkan dan mengkomunikasikan asumsi, metodologi, sumber data, delegasi wewenang, stress testing dan prosedur yang digunakan untuk mengukur risiko likuiditas.

The liquidity risk is measured and managed by projected cash flow basis under ’business as usual’, ’bank-specific crisis’ and ’general market crisis’ scenarios. Behavioral modeling is carried out regularly to ensure the cash flow reflect the business-as-usual behavior. Core deposits generally consist of stable non-bank deposits, such as current account, savings account and fixed deposit. The Bank monitors the stability of its ‘core deposits’ by analyzing their volatility over time. Market and Balance Sheet Risk Management responsible for refine, implement, maintain, reviews, improve and communicate the assumptions, methodology, data sources, delegation of authority, stress testing and procedures used to measure liquidity risk.

Likuiditas dikelola berdasarkan per-mata uang. Bank melakukan evaluasi secara mendalam terhadap kapasitas pendanaan yang berfokus pada sumber dan konsentrasi pendanaan, jenis dan komposisi aktiva, dana bersih debitur / kreditur, likuiditas dan kesenjangan maturitas, sumber pendanaan dan akses ke pasar pendanaan, aset likuid, dan jika ada; kondisi pasar keuangan dan ekonomi saat ini dan proyeksi. Hal ini penting dilakukan guna mengetahui jumlah dana yang tersedia dari pasar pada saat kondisi normal maupun stress.

Liquidity is managed on an individual currency basis. The Bank conduct an in-depth evaluation of its funding capacity focusing on Funding sources and concentrations, Type and mix of assets, Net borrower/lender of funds, Liquidity and maturity gaps; Cost of funds and access to funding markets; Liquid assets, if any; Current and projection financial market and economic conditions. It is critical to understand the amount of funding available from the market under normal and stress conditions.


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Risiko Likuiditas (lanjutan)

Liquidity Risk (continued)

Rencana Pendanaan Kontijensi menjadi komponen penting dalam kerangka kerja manajemen likuiditas dan berfungsi sebagai perpanjangan atas kebijakan operasional atau manajemen likuiditas sehari-hari. Walaupun Bank memantau kebutuhan likuiditas dan pendanaan secara berkala, penting juga untuk mengetahui kejadian yang tak terduga, kondisi ekonomi dan pasar, masalah pendapatan atau situasi di luar kendali yang dapat menyebabkan krisis likuiditas. Rencana Pendanaan Kontijensi menguraikan tindakan yang harus diambil oleh Bank pada saat terjadi krisis likuiditas dan akan diaktifkan jika terjadi situasi stress likuiditas. Hal ini berfungsi untuk mengidentifikasi dan mengetahui krisis likuiditas, menentukan tanggung jawab dan tindakan manajemen yang terkait pada saat krisis, memperbaiki area yang menjadi perhatian, dan memastikan bahwa arus informasi dapat tepat waktu dan tidak terganggu sehingga dapat memfasilitasi pengambilan keputusan secara cepat dan efektif.

The Contingency Funding Plan (CFP) is a critical component of the liquidity management framework and serves as an extension of the Bank’s operational or daily liquidity management policy. Although the Bank monitors liquidity and funding requirements on an ongoing basis, it is important to recognize that unexpected events, economic or market conditions, earnings problems or situations beyond its control could cause a liquidity crisis. The CFP outlines the actions that are to be taken by the Bank in the event of a liquidity crisis and would be activated in the event of a liquidity stress situation. It serves to identify and recognize a liquidity crisis, define the appropriate management responsibilities and responses during a crisis, rectify areas of concern, and ensure that information flows remain timely and uninterrupted to facilitate quick and effective decision-making.

Tingkat kerumitan dan detil dari rencana tersebut disesuaikan dengan kompleksitas, eksposur risiko, aktivitas, produk, dan struktur organisasi Bank untuk menentukan indikator yang paling relevan untuk digunakan dalam mengelola likuiditas dan pendanaan. Selain itu, Bank juga telah menetapkan Liquidity Working Group Team (“LWG”) yang bertanggung jawab untuk mengevaluasi posisi likuiditas dan menentukan tindakan yang akan diambil pada saat terjadi krisis.

The level of sophistication and detail of the plan would commensurate with the complexity, risk exposure, activities, products and organisational structure of the Bank identifying the indicators that are most relevant to its management of liquidity and funding. In addition, the Bank also has established a Liquidity Working Group Team (“LWG”) which is responsible to evaluate the liquidity position and decides the actions to be taken when crisis occurs.

Dalam rangka meminimalkan risiko konsentrasi, Bank juga melakukan diversifikasi sumber-sumber dana dan pembiayaan. Di akhir tahun 2013 Bank berhasil meningkatkan dana pihak ketiga sebesar Rp57,60 trilliun meningkat 23,08% dibandingkan dengan dana pihak ketiga di akhir tahun 2012. Tabungan meningkat sebesar 15,76% menjadi Rp9,42 triliun, deposito meningkat sebesar 27,20% menjadi Rp42,82 triliun dan giro meningkat sebesar 7,21% menjadi Rp5,36 triliun di akhir tahun 2013. Loan Deposit Ratio, yaitu rasio kredit yang diberikan terhadap dana pihak ketiga Bank masih berada dalam LDR target yang ditetapkan oleh Bank Indonesia sebesar 91,05%. Bank secara berkesinambungan akan terus menjaga tingkat rasio LDR agar berada dalam kisaran 78% dan 92% dan mempertahankan KPMM diatas 14%.

In order to minimize concentration risk, the Bank also diversifies its sources of funds and financing. At the end of 2013, the Bank increased the total third party funds to IDR 57.60 trillion, up by 23.08% compared to the end of 2012. Savings account increased by 15.76% to IDR 9.42 trillion, fixed deposit increased by 27.20% to IDR 42.82 trillion and current account increased by 7.21% to IDR 5.36 trillion at the end of 2013. Loan Deposit Ratio, which identifies the extent to which the Bank’s loans are funded by customer deposits, was still within the LDR target set 91.05% by Bank Indonesia. The Bank will, on an ongoing basis, continue to maintain the LDR in the range of 78% and 92% as well as maintain the CAR above 14%.

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Risiko Operasional

Operational Risk

Risiko operasional didefinisikan sebagai risiko yang terjadi sebagai akibat dari ketidakcukupan atau kegagalan proses internal, manusia dan sistem atau dari berbagai peristiwa eksternal. Potensi kerugian dapat berupa kerugian finansial atau dampak buruk lainnya, misalnya, kehilangan reputasi dan kepercayaan publik yang berdampak pada kredibilitas Bank dan kemampuan untuk bertransaksi, menjaga likuiditas dan memperoleh bisnis baru.

Operational Risk is defined as the risk of loss resulting from inadequate or failed internal processes, people and systems or from external events. Potential loss may be in the form of financial loss or other damages, for example, loss of reputation and public confidence that will impact the Bank’s creditability and ability to transact, maintain liquidity and obtain new business.

Bank telah menetapkan Kerangka kerja Manajemen Risiko Operasional yang mencakup seperangkat Struktur Tata Kelola Risiko Operasional, Kebijakan dan Standar Manajemen Risiko, budaya dan kesadaran risiko, identifikasi risiko, pengukuran risiko, pemantauan risiko, pengendalian risiko, kaji ulang dan audit risiko, pelaporan risiko, dan modal yang dipersyaratkan. Ambang batas meliputi, namun tidak terbatas pada hal-hal berikut: pernyataan kualitatif terkait hal-hal yang tidak dapat ditoleransi atau dibiarkan oleh Bank, Risk Assessment Criteria Matrix, Key Operational Risk Indicators and thresholds, Materiality & Notification Protocol, Operational risk event/loss event reporting criteria, Deductible/Limits untuk pembelian asuransi, dll.

The Bank has established an Operational Risk Management Framework that comprises risk governance structure, risk policies and standards, risk culture and awareness, risk identification, assessment, monitoring and control, loss data, risk mitigation program, risk reviews and audit, risk reporting, and regulatory capital. Operational Risk thresholds have been established. The thresholds include, but are not limited to the following: Qualitative statements on what the Bank is not willing to tolerate or condone, Risk Assessment Criteria Matrix, Key Operating Risk Indicators and thresholds, Materiality & Notification Protocol, Operational risk event/loss event reporting criteria, Deductible/Limits for insurance cover purchased, etc.

Pada tahun 2013, beberapa langkah dan inisiatif berikut ini telah dilakukan untuk meningkatkan kemampuan Bank dalam mengelola risiko operasional:

In 2013, the following processes and initiatives were carried out to improve the Bank's capability in managing its operational risk:

· · · · · · ·

Melakukan kaji ulang atas Kebijakan Risiko Operasional. Menetapkan Kerangka Kerja Risiko Operasional. Melakukan kaji ulang atas Kebijakan dan Pedoman Manajemen Asuransi. Melakukan kaji ulang atas Kebijakan dan Pedoman Manajemen Kontinuitas Bisnis. Melakukan kaji ulang atas Komite Manajemen Kontinuitas Bisnis. Implementasi General Control Environment Self Assessment (GCESA) yang berlaku secara bankwide. Implementasi perangkat Business Process – Operational Risk Self Assessment (BP-ORSA) yang dilakukan untuk mengidentifikasi risiko dan kontrol yang melekat dalam proses operasional utama pada semua unit dan cabang.


· · · · · · ·

117

Conduct review on Operational Risk Management Policy Establish Operational Risk Management Framework Conduct review on Insurance Management Policy, Procedure & Guideline. Conduct review on Business Continuity Management Policy & Guideline. Conduct review on Business Continuity Management Committee. Implement General Control Environment Self Assessment (GCESA) bankwide. Implement Business Process – Operational Risk Self Assessment (BP-ORSA) tool to identify the inherent risks and controls in key operational processes for all units and branches.





Risiko Operasional (lanjutan) · ·

· ·

· ·

Operational Risk (continued)

Mengembangkan Checklist Control untuk Staf Quality Assurance (QA). Melakukan validasi hasil penilaian perangkat risiko operasional, terutama GCESA, BPORSA, dan QA Checklist melalui kaji ulang ke sejumlah cabang yang dijadikan sampling untuk melihat tingkat kepatuhan cabang terhadap prosedur dan kontrol. Mengembangkan strategi pemulihan dalam menghadapi bencana yang meluas (Wide Area Disruption) untuk Jakarta. Memberikan pembekalan dan pelatihan kepada staf Quality Assurance (QA) pada setiap cabang dan menyelenggarakan forum ORISCO (Operational Risk Coordinator) untuk meningkatkan kesadaran risiko secara bankwide. Membantu unit kerja dalam melakukan kaji ulang atas sejumlah produk/aktivitas/prosedur baru. Latihan Kelangsungan Bisnis/ Business Continuity Plan Exercise seperti: o Simulasi Rencana Kelangsungan Bisnis (BCP). o Disaster Recovery Exercise untuk sistem IT. o Management & Unit Call Tree Exercise. o Table top exercise untuk Komite BCM

· ·

Develop Control Checklist for Quality Assurance (QA) staff. Validate the assessment results of operational risk tools, particularly GCESA, BP-ORSA, and QA Checklist through sample reviews of several branches to measure the compliance level of branches.

·

Develop recovery strategy of Wide Area Disruption for Jakarta.

·

Conduct briefing and training for Quality Assurance (QA) staff in branches and conduct ORISCO (Operational Risk Coordinator) Forum to increase bankwide risk awareness.

·

Assist units in reviewing products/activities/procedures.

·

Business Continuity Plan Exercise, as follows: o Simulation of Business Continuity Plan (BCP). o Disaster Recovery Exercise for IT system.

new

o Management & Unit Call Tree Exercise. o Table top exercise untuk Komite BCM

Risiko Kepatuhan

Compliance Risk

Risiko kepatuhan didefinisikan sebagai yang timbul akibat Bank tidak mematuhi dan/atau tidak melaksanakan peraturan perundang-undangan dan ketentuan yang berlaku.

Compliance risk is defined as the risk that occurs due to Bank’s failure to comply with and/or implement the prevailing laws and regulations.

Unit Kepatuhan telah menetapkan langkahlangkah berikut untuk mengurangi dan mengelola risiko kepatuhan terhadap peraturan:

The Compliance Unit has put in place the following measures to mitigate and manage the regulatory compliance risk:

A.

A.

Kebijakan dan Prosedur Kepatuhan Sejalan dengan Peraturan yang berlaku, Kebijakan Kepatuhan telah dirumuskan untuk menentukan cakupan, prinsip-prinsip dan tanggung jawab untuk pengelolaan yang efektif dari fungsi kepatuhan. Pokok-pokok pengaturan kepatuhan beserta tujuan pengaturannya adalah sebagai berikut:

Compliance Policies and Procedures In line with the Regulations, the Compliance Policy is formulated to define the scope, principles and responsibilities for the effective management of the compliance function. The Principal regulations as well as its objectives are as follow:

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Risiko Kepatuhan (lanjutan)

Compliance Risk (continued)

A.

A.

Kebijakan dan Prosedur Kepatuhan (lanjutan) 1.

Compliance (continued) 1.

Fungsi Kepatuhan Bank Mengatur mengenai Kerangka Pikir Fungsi Kepatuhan Bank (Compliance Framework) serta peran dan tanggung jawab seluruh stakeholders.

2.

2.

Kebijakan Kepatuhan

Prosedur Pemantauan Komitmen Bank dan Tindak Lanjut atas Permintaan dari Regulator Terkait

3.

Prosedur Pengeskalasian dan Pelaporan Kejadian Risiko Kepatuhan

4.

Prosedur Penyusunan Ketentuan Internal Bank

Ketentuan-Ketentuan yang dengan Fungsi Kepatuhan

5.

Procedures in Monitoring the Bank’s Commitment and Follow-up on Requests from Related Regulator

Procedures in Escalating and Reporting Compliance Risk Events

Procedures in Drafting Bank’s Internal Provision Regulating the mechanism in drafting the Bank’s internal systems, procedures or other provisions prepared by each work function.

Terkait

6.

Provisions Function

Related

to

Compliance

Providing information on provisions related to the implementation of Bank’s Compliance Function.

Memberikan informasi mengenai Ketentuan-Ketentuan yang terkait dengan pelaksanaan Fungsi Kepatuhan Bank.


Compliance Policy

Regulating the reporting mechanism in a timely manner for each breach or violation towards the prevailing laws, regulations and provisions.

Mengatur mengenai mekanisme penyusunan sistem, prosedur maupun ketentuan internal Bank lainnya yang disusun oleh setiap fungsi kerja 6.

Bank’s Compliance Function

Regulating the mechanism of compliance fulfilment and implementation towards the commitments made by the Bank to Bank Indonesia

Mengatur mengenai mekanisme pelaporan yang tepat waktu untuk setiap pelanggaran atau ketidakpatuhan terhadap peraturan perundang-undangan dan ketentuan yang berlaku. 5.

Procedures

Regulating the mechanism to identify control deficiencies or weaknesses in the Bank’s internal policies, provisions, systems and procedures as well as the mechanism of risk-based approach compliance risk monitoring.

Mengatur mengenai mekanisme pemenuhan kepatuhan dan pelaksanaan terhadap komitmen yang dibuat oleh Bank kepada Bank Indonesia. 4.

and

Regulating the Bank’s Compliance Framework as well as the roles and responsibilities of all stakeholders.

Mengatur mengenai mekanisme identifikasi kekurangan atau kelemahan kontrol pada kebijakan, ketentuan, sistem, dan prosedur internal Bank serta mekanisme pemantauan risiko kepatuhan dengan pendekatan berbasis risiko (RiskBased Approach) 3.

Policies

119







A.

A.

Kebijakan dan Prosedur Kepatuhan (lanjutan)

Policies

and

Procedures

Compliance Director through Compliance Division has also stipulated and implemented a policy in the form of Circular Letter No.12/CMP/0005 concerning Deduction of Key Performance Indicator (KPI) Value Related to Sanctions Imposed by Regulator.

Direktur Kepatuhan melalui Divisi Kepatuhan juga telah menetapkan dan menerapkan kebijakan berupa Surat Edaran No.12/CMP/0005 perihal Pengurangan Nilai Key Performance Indicator (KPI) Sehubungan dengan Pengenaan Sanksi dari Regulator. B.

Compliance (continued)

Pemantauan Indikator Keuangan

B.

Monitoring the Financial Indicator

Beberapa indikator kunci seperti rasio persyaratan modal minimum, kualitas aktiva produktif, rasio NPL, batas maksimum pemberian kredit, persyaratan giro wajib minimum, loan to deposit ratio dan posisi devisa neto telah dibentuk untuk memantau dan mengidentifikasi risiko kepatuhan potensial yang mungkin timbul jika Bank gagal untuk memenuhinya.

Several key indicators such as minimum capital adequacy ratio, earning asset quality, NPL ratio, legal lending limit, statutory reserve requirement, loan to deposit ratio and net open position have been established to monitor and identify the potential compliance risks that may arise if the Bank fails to comply.

Unit Operational Risk Management bekerja sama dengan Direktorat Kepatuhan untuk melaporkan setiap potensi pelanggaran atau pelanggaran atas ketentuan yang berlaku. Secara berkesinambungan, bank meningkatkan pengelolaan risiko kepatuhan terhadap peraturan. Selama tahun 2013, masih terdapat pengenaan sanksi dari Bank Indonesia atas kesalahan yang bersifat administratif. Kelemahan yang menimbulkan pengenaan sanksi secara umum ialah human error dalam penyusunan dan penyampaian laporan-laporan reguler kepada Bank Indonesia, seperti LHBU, LBBU dan LKPBU. Dalam mengelola risiko kepatuhan yang timbul dari pengenaan sanksi tersebut, manajemen Bank senantiasa secara aktif memberikan pengarahan dan himbauan agar Bank memelihara seluruh aktivitas bisnis dan operasionalnya tetap mematuhi ketentuanketentuan yang berlaku.

Operational Risk Management Unit works collaboratively with Compliance Directorate to report any potential violation or breach of the applicable regulations. On an ongoing basis, the bank has progressively enhanced the management of regulatory compliance risks. Throughout 2013, there were still sanctions imposed by Bank Indonesia due to administrative errors. The weaknesses that caused the imposing of sanctions in general was due to human error in the preparation and submission of regular reports to Bank Indonesia, such as Commercial Bank Daily Report, Commercial Bank Monthly Report and Commercial Bank Head Office Report. In managing the compliance risk arising from the imposing of such sanctions, Bank’s Management has actively given directives and guidance so that Bank continuously maintains all of its business and operational activities to remain compliant towards the prevailing provisions.

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B.

B.

Pemantauan Indikator Keuangan (lanjutan)

Monitoring the Financial Indicator (continued)

Pada tahun 2013, Unit Kepatuhan telah merevisi Pedoman Implementasi Program Anti Pencucian Uang dan Pencegahan Pendanaan Terorisme, memfasilitasi pengkinian dan pengembangan materi pelatihan AML/CFT, melakukan revisi terhadap prosedur Pedoman Laporan Transaksi Keuangan Mencurigakan dan Transaksi Keuangan Tunai, dan membentuk Unit Kerja Khusus sebagai salah satu unit kerja yang membantu memastikan pengawasan dan pelaksanaan program Anti Pencucian Uang dan Pencegahan Pendanaan Terorisme.

In 2013, Compliance Unit has revised the Anti Money Laundering and Countering the Financing on Terorism (AML & CFT) Program Implementation Guideline, facilitated the updating and development of AML & CFT Training material, revised the procedure on Suspicious Financial Transaction and Cash Transaction Reporting Guidelines, as well as establishing a Special Working Unit as one of the working unit to assist in ensuring the supervision and implementation of AML/CFT program.

Selain hal di atas, Unit Kepatuhan juga berperan penting sebagai penasehat dengan memberikan saran regulasi dan kepatuhan secara berkelanjutan kepada unit bisnis dan unit-unit lain.

Apart from the above, Compliance Unit also plays an important advisory role as it provides the business and other units with regulatory and compliance advice on an ongoing basis.

Risiko Strategi

Strategic Risk

Risiko stratejik didefinisikan sebagai dampak pada saat ini maupun pada masa yang akan datang terhadap rentabilitas, modal, atau reputasi yang timbul akibat dari keputusan strategi bisnis yang merugikan, ketidaktepatan implementasi strategi, atau kegagalan dalam mengantisipasi perubahan industri, kondisi ekonomi, atau teknologi.

Strategic risk is defined as the current or prospective impact on earnings, capital or reputation arising from adverse strategic decisions, improper implementation of decisions or lack of responsiveness to industry, economic or technological changes.

Kebijakan Manajemen Risiko Strategi telah ditetapkan guna memfasilitasi seluruh fungsi kerja dalam melakukan identifikasi, pengukuran, pemantauan, dan pelaporan risiko strategi.

Strategic Risk Management Policy has been established in order to support the identification, measurement, monitoring and reporting of strategic risk.

Risiko Strategi telah dikelola secara berkesinambungan dimana salah satunya adalah pemantauan terhadap pencapaian visi dan misi Bank, termasuk pemantauan terhadap 5 pilar berikut:

Strategic Risk is managed on an ongoing basis, and one measure is by monitoring the achievement of the Bank’s vision and mission, including the monitoring of the following 5 pillars:

1. 2. 3. 4. 5.

1. 2. 3. 4. 5.

Keuangan Branding Indeks Kepuasan Pelanggan Organisasi dan Sumber Daya Manusia Teknologi Informasi/Pendukung Infrastruktur

Semua unit bisnis bertanggungjawab memantau risiko strategi.


Financial Branding Customer Satisfaction Index (CSI) Organization/People IT/Infrastructure Support

All business units are responsible monitoring of strategic risk.

untuk

121

for

the





Risiko Hukum

Legal Risk

Risiko hukum didefinisikan sebagai risiko yang mungkin timbul dari kontrak yang tidak dapat diberlakukan/tidak menguntungkan/tidak sempurna/tidak diinginkan; gugatan atau klaim yang melibatkan Bank; perkembangan dalam hukum dan regulasi; dan ketidakpatuhan terhadap hukum, peraturan dan standar profesional yang berlaku.

Legal Risk is defined as risks that may arise from unenforceable/unfavorable/defective/ unintented contracts; lawsuits or claims involving the Bank; developments in laws and regulations; and noncompliance with applicable laws, rules, and professional standards.

Bank melakukan pemantauan atas potensi risiko hukum yang mungkin timbul dari kelemahan sistem hukum atau adanya tuntutan hukum, ketiadaan peraturan perundangan yang jelas, ketidakjelasan dalam kontrak, perkara atau jaminan. Dalam pengelolaan risiko hukum, Bank melakukan pemantauan komprehensif terhadap seluruh kegiatan operasional, terutama yang melibatkan pihak ketiga, yang berpotensi menimbulkan benturan kepentingan maupun tuntutan hukum. Pemantauan dilakukan dengan mengembangkan standar perjanjian meliputi peraturan dan kebijakan internal, melakukan kaji ulang atas perjanjian transaksional, dan menganalisa potensi risiko hukum pada produk dan aktivitas baru.

Bank has monitored the potential legal risk that might arise from the weaknesses of juridical aspects or lawsuits, nonexistence of clear regulations, lack of clarity of contracts, litigations, or collaterals. In managing the legal risk, Bank conducted monitoring in all operational activities, mainly those involving the third parties, which potentially cause conflict of interest as well as lawsuits. Monitoring is conducted by developing standard agreements that include regulations and internal policies, reviewing transactional agreements, and analyzing new products or activities for potential legal risks.

Selama tahun 2013, dalam upayanya untuk meningkatkan budaya dan kewaspadaan hukum di lingkungan Bank, Unit Legal telah mengadakan Pelatihan Hukum untuk Teller sebagai kelanjutan dari program serupa yang telah diberikan pada tahun 2012 untuk Customer Service dan Pejabat Cabang (Branch Officials). Di bidang operasional kredit, Unit Legal pada tahun 2013 menyelenggarakan Legal Workshop bagi para Legal Credit Operation dan beberapa perwakilan unit bisnis. Pada tahun 2013, Unit Legal juga melakukan kaji ulang tahunan (annualy review) terhadap standar perjanjian kredit untuk seluruh segmen kredit dan standar perjanjian jaminan serta perbaikan kebijakan terkait pengikatan jaminan.

In 2013, for the purpose of increasing the legal culture and legal awareness in the Bank, Legal Unit has conducted Legal Training for Teller as a continuation of a similar program that has been awarded in 2012 for Customer Service and Branch Officials. In Legal Credit Operation, Legal Unit in 2013 organized a workshop for Legal Credit Operation staffs and several representatives of the business units. In 2013, Legal unit also performed an annual review of all standard contracts/agreements for entire credit segments and standard collateral agreements and standard letters of offer, and improvements on collateral pledge Procedures.

122






Risiko Reputasi

Reputation Risk

Risiko Reputasi merupakan dampak negatif pada pendapatan, likuiditas, atau modal Bank yang timbul dari persepsi atau opini negatif stakeholder terhadap praktik bisnis, kegiatan dan kondisi keuangan Bank.

Reputation Risk is the adverse impact on the Bank’s income, liquidity, or capital arising from negative stakeholder perception or opinion of the Bank’s business practices, activities, and financial condition.

Mitigasi atas risiko reputasi dilakukan melalui pemantauan dan pengelolaan secara intensif atas pemberitaan negatif di media dan semua perangkat service oleh Unit Customer Advocacy and Service Quality.

Mitigation of reputation risk was performed through intensive monitoring and management of negative publications in media and all service tools by Customer Advocacy and Service Quality Unit.

Kualitas layanan dan penanganan keluhan nasabah telah ditingkatkan melalui pemantauan secara regular dan pengembangan program yang dilakukan oleh Unit Customer Advocacy and Service Quality. Upaya Bank dalam memitigasi risiko reputasi berhasil mencapai tingkat penyelesaian keluhan nasabah sebesar 95% dari keseluruhan keluhan nasabah pada 2013. Upaya tersebut dilakukan melalui:

Service quality and handling of customer complaints have improved through the regular monitoring and development program by Customer Advocacy and Service Quality Unit. The Bank's effort in mitigating reputation risk has resulted in the achievement of customer complaints settlement in the year 2013 by 95% of all incoming complaints. Those efforts are made through:

· · ·

·

· ·

·

·

Melakukan revisi atas kebijakan dan pedoman dalam penanganan keluhan nasabah. Mensosialisasikan kebijakan tersebut serta Alur kerja penanganan keluhan pada seluruh unit. Memaksimalkan peran Call Center dengan meningkatkan mekanisme untuk menangani keluhan/ancaman media serta mendelegasikan beberapa wewenang penyelesaian keluhan nasabah. Melakukan edukasi kepada nasabah terkait pencegahan atas fraud dengan menempatkan poster di cabang dan ATM, serta melalui iklan pada layar ATM. Pelatihan manajemen layanan kepada seluruh agen collection. Menetapkan Komite Service Quality Committee yang bertujuan untuk mengevaluasi dan memantau blue print layanan UOBI secara periodik. Menetapkan Command Center untuk eskalasi isu-isu terkait kartu kredit.


· ·

Maximizing Call Center by improving the mechanism to handle hard/media threat complaints and delegation of duty regarding customer complaints settlement.

·

Educate the customers on the precautionary against fraud by using posters placed in branches and ATMs as well as through the display space on the ATM screen. Service management training for all collection agents. Establishment of Service Quality Committee for periodic evaluation and monitoring UOBI’s service blue print.

· ·

·

123

Revising and adjusting policy and guidance for complaint handling. Socialization the revised policy and complaint management procedure to all units.

Establishment of Command Center for the escalation of credit card issues.



PT BANK UOB INDONESIA CATATAN ATAS LAPORAN KEUANGAN Tahun yang Berakhir pada Tanggal-tanggal 31 Desember 2013, 2012 dan 2011 (Disajikan dalam Jutaan Rupiah, Kecuali Dinyatakan Lain) 39. Nilai Wajar Instrumen Keuangan

39. Fair Value of Financial Instruments Below is presented the comparison between the carrying values, as reported in the statements of financial position, and the fair values of all financial assets and liabilities.

Di bawah ini disajikan perbandingan antara nilai tercatat, seperti dilaporkan dalam laporan posisi keuangan, dan nilai wajar semua aset keuangan dan liabilitas keuangan. Nilai Tercatat/ Carrying Value

Nilai Wajar/ Fair Value

Aset Keuangan Pinjaman yang diberikan dan piutang Kas Giro pada Bank Indonesia Giro pada bank lain Penempatan pada Bank Indonesia dan bank lain - neto Kredit yang diberikan - neto Tagihan akseptasi - neto Aset lain-lain Aset keuangan diukur pada nilai wajar melalui laporan laba rugi Efek-efek yang diperdagangkan Tagihan derivatif Aset keuangan tersedia untuk dijual Investasi keuangan tersedia untuk dijual Aset keuangan yang dimiliki hingga jatuh tempo Dimiliki hingga jatuh tempo Total

Financial Assets 662.074

662.074

4.760.162 1.160.900

4.760.162 1.160.900

3.119.976 51.870.440 1.843.155 222.122

3.119.976 51.870.440 1.843.155 222.122

Loans and receivables Cash Currents accounts with Bank Indonesia Current accounts with other banks Placement with Bank Indonesia and other banks - net Loans - net Acceptances receivable - net Other assets

578.308 350.281

Financial assets designated at fair value through profit or loss Trading securities Derivatives receivable

4.974.650

Available-for-sale financial assets Financial investments available-for-sale

578.308 350.281

4.974.650

Held-to-maturity financial assets 672.002

672.002

70.398.446

70.398.446

Liabilitas Keuangan Liabilitas keuangan diukur pada nilai wajar melalui laporan laba rugi Liabilitas derivatif

Held-to-maturity Total Financial Liabilities

354.031

354.031

Financial liabilities designated at fair value through profit or loss Derivatives payable

Liabilitas Lain-lain Liabilitas segera Simpanan Simpanan dari bank lain Bunga yang masih harus dibayar Liabilitas akseptasi Liabilitas lain-lain

67.723 57.278.434 1.597.619 196.174 1.845.261 287.941

67.723 57.278.434 1.597.619 196.174 1.845.261 287.941

Other Liabilities Current liabilities Deposits Deposits from other banks Interests payable Acceptances liabilities Other liabilities

Total

61.863.957

61.863.957

Total

124




PT BANK UOB INDONESIA CATATAN ATAS LAPORAN KEUANGAN Tahun yang Berakhir pada Tanggal-tanggal 31 Desember 2013, 2012 dan 2011 (Disajikan dalam Jutaan Rupiah, Kecuali Dinyatakan Lain) 39. Nilai Wajar Instrumen Keuangan (lanjutan)

39. Fair Value (continued)

of

Financial

Instruments

The fair value of financial assets and liabilities approximate then its carrying values because financial assets and liabilities in significant amount have short-term period and/or the interest rate is frequently reviewed, except for derivatives receivable and liabilities whose fair value is based on valuation technique and financial investment whose fair value is based on quoted or observable prices. Valuation for the fair value of financial instruments based on the fair value hierarchy refer to Note 2y.

Nilai wajar aset dan liabilitas keuangan mendekati nilai tercatatnya karena aset dan liabilitas keuangan dalam jumlah signifikan memiliki jangka waktu yang pendek dan/atau suku bunganya sering ditinjau ulang, kecuali untuk tagihan dan liabilitas yang nilai wajarnya berdasarkan teknik penilaian dan investasi keuangan yang nilai wajarnya berdasarkan harga yang dapat diperoleh atau dapat diobservasi. Penilaian atas nilai wajar instrumen keuangan berdasarkan hirarki nilai wajar dapat dilihat pada Catatan 2y.

31 Desember 2013/ December 31, 2013 Tingkat 1/ Level 1 Aset Keuangan Tagihan derivatif Efek-efek yang Diperdagangkan Investasi keuangan tersedia untuk dijual Total aset keuangan

Tingkat 2/ Level 2

Tingkat 3/ Level 3

Total Financial Assets Derivatives receivable

-

350.281

-

350.281

578.308

-

-

578.308

4.772.694

201.956

-

4.974.650

5.351.002

552.237

-

5.903.239

Total financial assets

Liabilitas Keuangan Liabilitas derivatif

-

354.031

-

354.031

Financial Liabilities Derivatives liabilities

Total Liabilitas Keuangan

-

354.031

-

354.031

Total Financial Liabilities

Trading securities Financial investments available-for-sale

40. Custodianship

40. Penitipan Harta

The Bank engages in the provision of custodial services. Total fees received from custodial services during 2013, 2012 and 2011 amounted to Rp3,949, Rp2,978 and Rp4,400, respectively. On July 6, 2010, the Bank has obtained a Decree of the Capital Market and Financial Institutions Supervisory Agency No. KEP-287/BL/2010 about the Stipulation of Use Approval of Commercial Bank as Custodian on behalf of PT Bank UOB Indonesia.

Bank juga memberikan jasa penitipan harta. Total uang jasa yang diterima dari pemberian jasa ini selama tahun 2013, 2012 dan 2011 adalah masing-masing sebesar Rp3.949, Rp2.978 dan Rp4.400. Pada tanggal 6 Juli 2010, Bank telah memperoleh Surat Keputusan Badan Pengawas Pasar Modal dan Lembaga Keuangan No. KEP287/BL/2010, tentang Penetapan Penggunaan Persetujuan Bank Umum Sebagai Kustodian Atas Nama PT Bank UOB Indonesia. 41. Standar Akuntansi Baru

41. New Accounting Standard

Standar Akuntansi yang berlaku efektif pada atau setelah 1 Januari 2014 adalah:

Accounting standard which effective on or after January 1, 2014 is as follow:

ISAK No. 28: Pengakhiran Liabilitas Keuangan dengan Instrumen Ekuitas, yang diadopsi dari IFRIC 19.

ISAK No. 28: Extinguishing Financial Liabilities with Equity Instruments, adopted from IFRIC 19.


125



PT BANK UOB INDONESIA CATATAN ATAS LAPORAN KEUANGAN Tahun yang Berakhir pada Tanggal-tanggal 31 Desember 2013, 2012 dan 2011 (Disajikan dalam Jutaan Rupiah, Kecuali Dinyatakan Lain) 41. Standar Akuntansi Baru (lanjutan)

41. New Accounting Standard (continued) Accounting standards which effective on or after January 1, 2015 are as follow:

Standar akuntansi yang berlaku efektif pada atau setelah 1 Januari 2015 adalah: ·

PSAK 1 (2013): Penyajian Laporan Keuangan, yang diadopsi dari IAS 1

·

This PSAK change the grouping of items presented in Other Comprehensive Income. Items that could be reclassified to profit or loss would be presented separately from items that will never be reclassified.

PSAK ini mengubah penyajian kelompok pospos dalam Penghasilan Komprehensif Lain. Pos-pos yang akan direklasifikasi ke laba rugi disajikan terpisah dari pos-pos yang tidak akan direklasifikasi ke laba rugi. ·

PSAK 24 (2013): diadopsi dari IAS 19

Imbalan

Kerja,

yang

·

PSAK 24 (2013): Employee Benefits, adopted from IAS 19 This PSAK, among other, removes the corridor mechanism and contingent liability disclosures to simplify clarifications and disclosures.

PSAK ini, antara lain, menghapus mekanisme koridor dan pengungkapan atas informasi liabilitas kontinjensi untuk menyederhanakan klarifikasi dan pengungkapan. ·

PSAK 1 (2013): Presentation of Financial Statements, adopted from IAS 1

·

PSAK 68: Pengukuran Nilai Wajar, yang diadopsi dari IFRS 13 PSAK ini memberikan panduan tentang bagaimana pengukuran nilai wajar ketika nilai wajar disyaratkan atau diizinkan.

PSAK 68: Fair Value Measurement, adopted from IFRS 13 This PSAK provides guidance on how to measure fair value when fair value is required or permitted.

42. Peristiwa setelah tanggal periode pelaporan

42. Event After the Reporting Period Based on Memo No. 13.NDIR/0043 dated December 10, 2013 which has been approved by Board of Commissioners, Bank proposed initial public offering of subordinated bonds I Bank UOB Indonesia year 2014 with the principal amount of subordinated bonds amounting to as much as Rp1,000,000,000,000.00 (one trillion rupiah).

Berdasarkan Memo No. 13/NDIR/0043 tanggal 10 Desember 2013 yang telah disetujui oleh Dewan Komisaris, Bank berencana melakukan penawaran umum obligasi subordinasi I Bank UOB Indonesia tahun 2014 dengan jumlah pokok obligasi subordinasi sebanyak-banyaknya sebesar Rp1.000.000.000.000,00 (satu triliun rupiah). 43. Penerbitan kembali laporan keuangan

43. Completion of the financial statements

Berdasarkan rencana Bank untuk melakukan penawaran umum obligasi subordinasi I dan surat OJK kepada Direksi Bank No. S-147/PM.221/2013 tanggal 21 Maret 2014 perihal perubahan atau tambahan informasi atas pernyataan pendaftaran, Bank telah melakukan perubahan penyajian pada laporan posisi keuangan dan Catatan 1a, 2a, 2b, 2c, 2u, 6, 8, 10, 16, 18, 39 atas laporan keuangan.

Pursuant to the Bank’s plan to conduct initial public offering of subordinated bonds I and OJK’s letter to the Bank’s Board of Director No. S-147/PM.221/2013 dated March 21, 2014 on the changes and/or additional information for the registration statement, the Bank had been done certain changes in statements of financial position and Notes 1a, 2a, 2b, 2c, 2u, 6, 8, 10, 16, 18, 39 to the financial statements.

44. Penyelesaian Laporan Keuangan

44. Completion of the Financial Statements The financial statements were completed and authorized for issuance by the Bank’s Board of Directors on April 11, 2014.

Laporan keuangan telah diselesaikan dan diotorisasi untuk terbit oleh Direksi Bank pada tanggal 11 April 2014.

126



Corporate Information Contents 241 242 244 248 251 254 256 257 265 266

Company Information Organisational Structure Profiles of Board of Commissioners Profiles of Board of Directors Profiles of Committees Profiles of Board of Management Profiles of Internal Audit and Corporate Secretary Executive Officers Office Network Products and Services

Company Information PT Bank UOB Indonesia Head Office UOB Plaza Jl. M.H. Thamrin No. 10 Jakarta 10230, Indonesia Phone: (021) 23506000 (Hunting) Fax: (021) 29936632 Call Centre: 14008 Email: [email protected] Website: www.uob.co.id Swift Code: BBIJIDJA

Business License Pursuant to the Decree of the Finance Minister of the Republic of Indonesia No.203443/U.M.II dated 15 October 1956 concerning Business License for PT Bank Buana Indonesia, domiciled in Jakarta, as amended the last with the Decree of Bank Indonesia Governor No.12/45/KEP.GBI/2010 dated 10 June 2010, declared to remain in full force for PT Bank UOB Indonesia, domiciled in Central Jakarta. This matter is set forth in the Decree of Bank Indonesia Governor No.13/34/KEP.GBI/2011 concerning the change from business license on behalf of PT Bank UOB Buana to business license on behalf of PT Bank UOB Indonesia.

Line of Business Commercial Banking and Foreign Exchange Bank

Public Accountant Purwantono, Suherman and Surja (Ernst and Young) Indonesia Stock Exchange Building Tower 2, 7th Floor Jl. Jend. Sudirman, Kav. 52-53 Jakarta 12910, Indonesia Phone: (021) 52895000 Fax: (021) 52894100

Ownership UOB International Investment Private Ltd 68.943 per cent United Overseas Bank Ltd 30.056 per cent Others 1.001 per cent Share Capital Par Value IDR250 Authorised Shares 36,000,000,000 Issued and Fully Paid 9,553,885,804 shares Date of Establishment 31 August 1956 Legal Basis of Incorporation • The Deed Establishment No. 150 of Eliza Pondaag, SH, Notary Public in Jakarta, dated 31 August 1956 • Decree of the Minister of Justice of the Republic of Indonesia (now Minister of Justice and Human Rights) No.J.A.5/78/4 dated 24 October 1956 • State Gazette No. 96 dated 30 November 1956 • Additional State Gazette No.1243/1956

Share Registar PT Sirca Datapro Perdana Wisma Sirca Jl. Johar No. 18, Menteng Jakarta 10340, Indonesia Phone: (021) 3140032 Fax: (021) 3900652 Corporate Rating PT Fitch Ratings Indonesia Prudential Tower, 20th Floor Jl. Jend. Sudirman Kav. 79 Jakarta 12910, Indonesia Phone: (021) 57957755 Fax: (021) 57957750 Website: www.fitchratings.com


Organisational Structure

General Meeting of Shareholders

Board of Directors SERVICE QUALITY COMITTEE

HUMAN RESOURCES COMITTEE

Asset and Liability COMITTEE

Executive COMITTEE

Ethics Comittee

business continuity management COMITTEE

Risk management COMITTEE

Information Technology COMITTEE

Credit COMITTEE

Credit policy COMITTEE

antI Money Laundering COMITTEE

President Director

Deputy President Director (Business)

Personal Financial Service Head

Head of Channels

Regional Channels Regional 1 Regional 2 Regional 3 Regional 4 Regional 5

Portfolio and Regulatory Management

Demand Management

Sales

Deposit Investment Insurance

Head of Business Banking

Head of Commercial Banking 1

Commercial Banking 2 Head

Regional Sales

Industry Group Commercial Banking (1,2,3)

Regional Commercial Banking

Global Business Development

Jakarta West Java Central Java East Java Sumatera Kalimantan

Jakarta 1 Jakarta 2 Jakarta 3 Jakarta 4 West Java Central Java East Java Sumatera Kalimantan

Head of Corporate Banking

Industry Corporate Banking 1. Oil and Gas Chemical 2. Food and Beverages Agribusiness 3. Mining, Contract Mining Commodities 4. Telecommunication and Utilities 5. Transport Logistics and Property

Head of Transaction Banking

Head of Global Markets and Investment Management

Trade Product Management

GMIM Business

Trade Sales

GMIM Advisory

Channels Development and Infrastructure

Customer Segmentation (PFS)

Product Business Analyst

Commercial Wealth Management

Credit Reviewer (Commercial Banking)

Corporate Wealth Management

Cash Product Management

Financial Institution

Branch Process and System Development

Mortgage and Secure Loan

Portfolio (Business Banking)

Strategic and Product

Enterprise Banking

Business Development

Cash Management Sales

GMIM Business Management Support

Branch Operations Control and Development

Unsecure Business

Sales Performance Management

Middle Office

Portfolio Management (Commercial Banking)

Corporate Business Finance and Support

Client Servicing

Bancassurance Business

Channel People Development

Business Planning and Business Performance Management

Middle Office and Support

Commercial Business Finance

IFS Portfolio Management

Alternate Channel

PFS MIS and Business Support

MIS and Planning

PFS Training


Marketing and Business Finance

Board of Commissioners Renumeration and Nomination COMITTEE

Risk Monitoring COMITTEE

Audit COMITTEE

Deputy President Director (Admin and Operations)


Finance and Corporate Services Director

Head of Retail Credit

IFS Credit and Special Asset Management Director

Head of Human Resources

Compliance Director

Risk Management Head

Retail Technology and Operations

Finance

Personal Financial Services Credit

Middle Market Credit

Learninf and Development

Comliance

Risk Strategy and Analytics

Internal Audit

Wholesale Technology and Operations

Property and General Services

Business Banking Credit

Corporate Credit

HR Business Partner and Organisation Development

AML / CFT and Sanctions

Credit Risk Management

Legal

Business Technology Servicess

Corporate Services

Retai Credit Management

Special Asset Management

HR Business Partner for Channels

Market Risk Control

Customer Advocacy and Service Quality

Performance and Reward

Market Balance Sheet Risk Management

Brand Performance and Corporate Communications

Information Security and Business Continuity Management

HR Operation, System and Services

Operation Risk Management

Policy and Operations Assurance

HR Industrial Relation

Shared Infrastructure Services

Retail Credit Policy and Portfolio Management

TNO Project Management Office

TNO Finance and Procurement


Profiles of Board of Commissioners

Wee Cho Yaw President Commissioner Age 85. Dr Wee has been the President Commissioner of UOB Indonesia since December 2005. Dr Wee was first appointed to the Board in May 1958 and last re-appointed as Director on 25 April 2013. A banker with more than 50 years’ experience, Dr Wee was conferred the title of Chairman Emeritus and Adviser in 2013 after stepping down as Chairman, a position he was appointed to in 1974. Between 1974 and 2007, he was concurrently the Chief Executive Officer of UOB. A non-independent and non-executive director, Dr Wee is the chairman of the UOB Executive, Remuneration and Board Risk Management Committees and a member of the Nominating Committee. Dr Wee is Chairman Emeritus and Adviser of UOB subsidiaries Far Eastern Bank and United Overseas Bank (Malaysia). He is also Chairman of United Overseas Insurance, United Overseas Bank (Thai) Public Company and Supervisor of United Overseas Bank (China).


Dr Wee also chairs the boards of Haw Par Corporation, UOL Group and its subsidiary, Pan Pacific Hotels Group, United Industrial Corporation and Singapore Land and its subsidiary, Marina Centre Holdings. He is also the Chairman of the Wee Foundation. He was the Chairman of United International Securities from 1973 to December 2013. Dr Wee was named Businessman of the Year at the Singapore Business Awards in 2001 and 1990. In 2006, he received the inaugural Credit Suisse-Ernst and Young Lifetime Achievement Award for his outstanding achievements in the Singapore business community. The Asian Banker conferred the Lifetime Achievement Award on him in 2009. Dr Wee is the Pro-Chancellor of the Nanyang Technological University and the Honorary President of the Singapore Chinese Chamber of Commerce and Industry, the Singapore Federation of Chinese Clan Associations and the Singapore Hokkien Huay Kuan. He received a Chinese high school education and was conferred an Honorary Doctor of Letters by the National University of Singapore in 2008. For his outstanding contributions in community work, he was conferred the Distinguished Service Order, Singapore’s highest National Day Award, in 2011.

Wee Ee Cheong Vice President Commissioner Age 61. Mr Wee had been appointed as Board of Commissioners’ member of UOB Indonesia since August 2007 and currently serves as Vice President Commissioner. Mr Wee was appointed to the Board on 3 January 1990 and last re-elected as Director on 25 April 2013. A career banker, Mr Wee joined UOB in 1979 and served as Deputy Chairman and President of the Bank from 2000 to 2007. On 27 April 2007, he was appointed as Chief Executive Officer. A non-independent and executive director, he is a member of the Executive and Board Risk Management Committees. Mr Wee holds directorships in several UOB subsidiaries including Far Eastern Bank (where he is also Deputy Chairman), United Overseas Insurance, United Overseas Bank (Malaysia) and United Overseas Bank (Thai) Public Company. He is Chairman of United Overseas Bank (China).

Active in industry development, Mr Wee serves as a council member of The Association of Banks in Singapore, a director of The Institute of Banking and Finance and chairman of the Financial Industry Competency Standards Steering Committee. He is a member of the Board of Governors of the Singapore-China Foundation, Visa APCEMEA Senior Client Council and Advisory Board of INSEAD East Asia Council and International Council and an honorary council member of the Singapore Chinese Chamber of Commerce and Industry. He had also previously served as deputy chairman of the Housing and Development Board and as a director of the Port of Singapore Authority, UOL Group, Pan Pacific Hotels Group and United International Securities. In 2013, he was awarded the Public Service Star for his contributions to the financial industry. A keen art enthusiast, Mr Wee is the Patron of the Nanyang Academy of Fine Arts. He is also a director of the Wee Foundation. Mr Wee holds a Bachelor of Science (Business Administration) and a Master of Arts (Applied Economics) from American University, Washington, DC.


Profiles of Board of Commissioners


Rusdy Daryono

Commissioner


Age 60. Mr Lee joined UOB in 1980 and has been appointed as a member of the Board of Commissioners of UOB Indonesia since December 2005.

Age 64. Mr Rusdy joined UOB Indonesia in 2006 and currently serves as Independent Commissioner and Chairman of the Audit Committee.

He currently leads the Group’s consumer and small business retail divisions. Prior to his appointment in Singapore in 2003, he was the CEO of UOB (Malaysia). He holds a Malaysian Certificate of Education and has more than 30 years of experience in the financial industry.

He started his career at the public accounting firm of Drs. Utomo, Mulia and Co in 1973. He joined PT Salim Economic Development Corp in 1978, PT Hardy Trading in 1982 and the public accounting firm of Drs. Mulia Iskandar and Co in 1983. He served as a Partner and Division Head at the public accounting firm of Prasetio, Utomo and Co from 1987 to 2002, and was a Partner at Osman Ramli Satrio and Partner from 2003 to 2006. He holds a Bachelor of Economics from the University of Indonesia and has more than 40 years of experience in the financial industry.


Aswin Wirjadi

Wayan Alit Antara



Age 66. Mr Aswin joined UOB Indonesia in 2009 and currently serves as Independent Commissioner and Chairman of the Remuneration and Nomination Committee.

Age 66. Mr Antara joined UOB Indonesia in 2009. He currently serves as Independent Commissioner and Chairman of the Risk Monitoring Committee.

He started his career at PT IBM Indonesia in 1972. He joined Chase Manhattan Bank, NA, in 1977 and last held the position of Country Consumer and Private Banking Head at its Jakarta Branch in 1989. He was appointed as a Director of MIS at PT Indomobil Niaga International in 1989. He joined PT Bank Central Asia in 1990 and last held the position of Vice President Director in 2008. He has been the Chairman of Financial Wealth Pte Ltd since 2008.

He started his banking career in Bank Rakyat Indonesia in 1976 and last held the position of Vice President Director in 2006. Throughout his 30 years of career at Bank Rakyat Indonesia, he had also served in several positions such as Director of Treasury and International Banking, Chief Financial Officer and Director of Micro and Retail Credit. He had been an Independent Commissioner of PT Bhakti Securities from 2007 to 2008 and as a Commissioner of PT Sumber Abadi Tirtasentosa from 2008.

He holds a Bachelor of Engineering from the Catholic University of Atma Jaya, Jakarta and has more than 36 years of experience in the banking industry.

He holds a Bachelor of Agriculture Economy degree from the Agriculture Faculty of University of Gajah Mada, Yogyakarta and has more than 37 years of experience in the banking industry.


Profiles of Board of Directors

Armand Bachtiar Arief

Iwan Satawidinata

President Director


Age 62. Mr Armand joined UOB Indonesia in 2007 as President Director. He holds a Bachelor of Business Administration from Curry College, Milton, Massachusetts, USA, and a Master of Business Administration from Suffolk University, Boston, Massachusetts, USA. He has more than 26 years of experience in the banking industry.

Age 46. Mr Iwan has been appointed as Deputy President Director of UOB Indonesia in 2010. Prior to his appointment, he joint with ex. PT Bank UOB Indonesia (previously United Overseas Bank Bali) from 1991 to June 2010 where he last held the position of President Director. He received Bachelor of Science in Business Administration degree from University of Southern California, USA and has more than 23 years experience in banking industry.


Tan Chin Poh



Director

Age 56. Mr Tan joined UOB Indonesia in 2013 as Deputy President Director. Prior to his assignment in UOB Indonesia, he worked in UOB Singapore with latest position of Managing Director Head of Finance. He earned his Bachelor of Science in Accounting degree from the National University of Singapore and has more than 30 years worth of experience in the field of banking.

Age 59. Mr Safrullah joined UOB Indonesia in 2001 as Director. He holds a Bachelor of Science in Accounting from De La Salle University, Manila, Philippines and has more than 38 years experience in finance and accounting and banking industry.


Profiles of Board of Directors


Soehadie Tansol

Director

Compliance Director

Age 53. Mr Ajeep joined UOB Indonesia in 2006 and currently serves as Director. Prior to his appointment in UOB Indonesia, he served at UOB (Malaysia) Bhd from 1988 until 2006, with last position as Head of Commercial Credit Division. He holds a Bachelor of Science (Hons) degree from University of Reading, United Kingdom and has more than 25 years experience in financial service industry.

Age 55. Mr Soehadie joined UOB Indonesia in 1980 and was appointed as Compliance Director in 2003. He participated in overseas banker programmes at the Pacific Bankers Management Institute at the University of Washington, USA and has more than 33 years of experience in banking industry.


Remuneration and Nomination Committee


Aswin Wirjadi

Roy Fahrizal Permana

Member

Chairman

Member

Profile of Mr Lee Chin Yong Francis can be found on page 246.

Profile of Mr Aswin Wirjadi can be found on page 247.

Age 38. Mr Roy joined UOB Indonesia in 2009. He currently serves as Performance and Rewards Head and member of Remuneration and Nomination Committee. He has 15 years of experience in human resources and holds Bachelor of Industrial Engineering from UPN Veteran, Surabaya and Magister of Industrial Engineering from Institute of Technology Bandung.


Audit Committee

Thomas Abdon

Rusdy Daryono

Winny Widya


Chairman


Age 72. Mr Thomas joined UOB Indonesia in 2001. He was appointed as a member of Audit Committee in 2007 and Risk Monitoring Committee in 2009. He holds a Bachelor of Economics from the University of Indonesia and has 49 years of experience in finance and accounting as well as banking industry.

Profile of Mr Rusdy Daryono can be found on page 246.

Age 62. Mrs Winny joined UOB Indonesia in 1981. She was appointed as a member of the Audit Committee in June 2007. She has 36 years of experience in banking industry and holds Bachelor of Economics in Accounting from the University of Indonesia.


Risk Monitoring Committee

Thomas Abdon

Wayan Alit Antara

Yohanes Lilis Sujanarto


Chairman


Profile of Mr Thomas Abdon can be found on page 252.

Profile of Mr Wayan Alit Antara can be found on page 247.

Age 47. Mr Lilis joined UOB Indonesia in 2011 as a member of Risk Monitoring Committee. He has more than 25 years of experience in banking industry and risk management. Mr Lilis is also active as a risk management lecturer and consultant. He holds a Bachelor of Economics from the University of Indonesia and Bachelor of Physics from the Institute of Meteorology and Geophysics, both in Jakarta, and also holds a Magister of Management from Post Graduate Programme of the University of Indonesia.


Profiles of Board of Management

Pardi Kendy

Goh Seng Huat

Head of Human Resources


Age 55. Mr Pardi joined UOB Indonesia in 1996 and currently serves as Head of Human Resources. He is a certified Wealth Manager of University of Greenwich, England and has more than 37 years experience in banking industry. He is also an active member of Honorary member of Association Cambiste Internationale, Indonesia and Indonesian Banking Human Capital Forum.

Age 53. Mr Goh joined UOB Indonesia in 2006 and currently serves as Head of Technology and Operations. Prior to his appointment in Indonesia, he served as UOB First Vice President, International in 2005 after his tenure in UOB Malaysia from 1981 to 1994. He holds a Banking Diploma from the Associate Chartered Institute of Bankers, United Kingdom and has more than 32 years experience in banking industry.

Widjaja Hendra

Frederikus P. Weoseke

Head of Business Banking

Head of Global Markets and Investment Management

Age 45. Mr Widjaja joined UOB Indonesia in 2008 and currently serves as Head of Business Banking. He received Bachelor of Art degree from University of Auckland, New Zealand and has 20 years experience in banking industry.

Age 50. Mr Frederikus joined UOB Indonesia in 2009 and currently serves as Head of Global Market and Investment Management. He holds a BSC degree in Business Administration from Goldey Beacom College and a Master of Business Administration from Wilmington College, Wilmington Delaware, USA and has more than 21 years experience in banking industry.


Suryati Budiyanto

Wong Kartyono

Head of Commercial Banking

Head of Transaction Banking

Ms Suryati joined UOB Indonesia in 2010 and currently serves as Head of Commercial Banking. Prior to her appointment, she joint with ex. PT Bank UOB Indonesia (previously United Overseas Bank Bali) from 1994 to June 2010. She received Bachelor Degree from California State University, USA and Master Degree from National University. She has more than 19 years experience in banking industry.

Age 36. Mr Kartyono joined UOB Indonesia in 2010 and currently serves as Head of Transaction Banking. He holds a bachelor of Engineering from the Tarumanegara University, Jakarta and has 15 years experience in banking industry.

Rika Saskia Head of Retail Credit Age 53. Mrs Rika joined UOB Indonesia in 2013 and currently serves as Head of Retail Credit. She holds a Bachelor of Accountancy from the University of Indonesia and has more than 25 years experience in finance and accounting and banking industry.


Internal Audit

Corporate Secretary

Ridwan Moezwir

Lina

Internal Audit Head

Corporate Secretary

Age 51. Mr Ridwan joined UOB Indonesia in 2008 as an Internal Audit Head. He has 27 years experience as an auditor in financial services industry and holds a Bachelor of Economics in Accounting from the University of Padjajaran, Bandung and Master of Management from the University of Gajah Mada, Yogyakarta.

Age 37. Mrs Lina joined UOB Indonesia in May 2008. She currently serves as Corporate Secretary and has more than 12 years of experience in banking industry. She holds a Bachelor of Economics from the Tarumanegara University, Jakarta.


Executive Officers Head Office Aditya Galih Prihartono Retail Credit Management Head Joined UOB Indonesia in 2013, has more than 14 years of experience in banking industry. Ali Marjono Industry Group Head 1 Joined UOB Indonesia in 2012, has more than 20 years of experience in banking industry. Agatha Indah Krisnawati Business Banking Credit Head Joined UOB Indonesia in 2008, has more than 21 years of experience in banking industry. Andry Kurniawan PFS Training Head Joined UOB Indonesia in 2010, has more than 21 years of experience in banking industry. Amandalia Johanes Market Balance Sheet Risk Management Head Joined UOB Indonesia in 2007, has more than 21 years of experience in banking industry. Aries Dawami Channel Development and Infrastructure Head Joined UOB Indonesia in 2011, has more than 20 years of experience in banking industry, especially in branch development. Bambang Eko Karjono Joewono Deputy Global Markets and Investment Management Business Head Joined UOB Indonesia in 2007, has more than 23 years of experience in banking industry, especially in treasury. Bratha Middle Market Credit Head Joined UOB Indonesia in 2010, has more than 18 years of experience in banking industry. Budi Sanjaya Trade Product Management Head Joined UOB Indonesia in 2010, has more than 21 years of experience in banking industry. Budi Wardana Middle Office and Support Head Joined UOB Indonesia in 2011, has more than 23 years of experience in various industries.

Budy Setiawan Unsecured Business Head Joined UOB Indonesia in 2011, has more than 22 years of experience in banking industry, especially in credit card business. Bontor Sitio Channel People Development Head Joined UOB Indonesia in 2010, has more than 16 years of experience in banking industry, especially in human resources. Candra Putra Operation Risk Management Head Joined UOB Indonesia in 2011, has more than 8 years of experience in banking industry, especially in risk management. Ciauciau Kusumawati Corporate Business Finance and Support Head Joined UOB Indonesia in 2010, has more than 8 years of experience in banking industry. Daniel Prabawa Trade Sales Head Joined UOB Indonesia in 2010, has more than 19 years of experience in banking industry. Denny Irawan Portfolio and Regulatory Management Head Joined UOB Indonesia in 2011, has more than 12 years of experience in banking industry. Ditto Harnando Strategic and Product Head Joined UOB Indonesia in 2010, has more than 11 years of experience in banking industry. Dwi Sari Suwarman Corporate Wealth Management Head Joined UOB Indonesia in 2011, has more than 18 years of experience in banking industry. Dwiyono Bayuwinantio Customer Advocacy and Service Quality Head Joined UOB Indonesia in 2011, has more than 28 years of experience in banking industry, especially in human resources and service quality. Efriel Lydia Retail Credit Policy and Portfolio Management Joined UOB Indonesia in 2013, has more than 10 years of experience in banking industry.


Executive Officers Eko Sigit Cahyanto Portfolio Head (Business Banking) Joined UOB Indonesia in 2013, has more than 12 years of experience in banking industry. Elisa Majasari Halim Cash Management Sales Head Joined UOB Indonesia in 2011, has more than 20 years of experience in banking industry, especially in transaction banking. Endang Prastiwi Learning and Development Head Joined UOB Indonesia in 2007, has more than 15 years of experience in various industries. Endang Santi GMIM Business Management Support Head Joined UOB Indonesia in 2010, has more than 11 years of experience in banking industry, especially in treasury support. Epri Senowibowo Apryanto Credit Card Operations Head Joined UOB Indonesia in 2009, has more than 20 years of experience in banking industry. Erry Erawan Priolaksono TNO Finance and Procurement Head Joined UOB Indonesia in 2011, has more than 12 years of experience in finance and accounting. Febian Satria Nugraha Compliance Head Joined UOB Indonesia in 2000, has more than 14 years of experience in banking industry. Felicia Recisca Handojo Industry Group Head 2 Joined UOB Indonesia in 2001, has more than 22 years of experience in banking industry, especially in credit and marketing. Fera Indratie Prajitno Brand Performance and Corporate Communications Head Joined UOB Indonesia in 2010, has more than 23 years of experience in financial industry, especially in corporate and marketing communications. Fransisca Ririn Endang Diatri Nariratih Client Servicing Head Joined UOB Indonesia in 2011, has more than 25 years of experience in banking industry.


Frederikus P Weoseke Head of Global Markets and Investment Management Profile of Frederikus P Weoseke can be found on page 254. Goh Seng Huat Head of Technology and Operations Profile of Goh Seng Huat can be found on page 254. Golfina Cusmarningroem Financial Institution Head Joined UOB Indonesia in 2010, has more than 17 years of experience in banking industry, especially in treasury. Hendy Widjaja Retail Technology and Operations Head Joined UOB Indonesia in 2012, has more than 18 years of experience in banking industry. Howard Lee Industry Group Head (Mining, Contract Mining, Commodities) Joined UOB Indonesia in 2009, has more than 13 years of experience in banking industry. Irawan Rukmanto Wholesale Technology and Operations Head Joined UOB Indonesia in 2012, has more than 14 years of experience in banking industry. Iswahjudi Widjajakusuma Personal Financial Services Credit Head Joined UOB Indonesia in 2011, has more than 27 years of experience in various industries. Jeanny Halim Industry Group Head (Oil and Gas Chemicals) Joined UOB Indonesia in 2005, has more than 21 years of experience especially in credit and marketing. Jenny IFS Portfolio Management Head Joined UOB Indonesia in 2008, has more than 6 years of experience in financial industry. Jieni Business Technology Services Head Joined UOB Indonesia in 1999, has more than 22 years of experience in banking industry.

Jimmy Loritz Branch Process and System Development Head Joined UOB Indonesia in 2011, has more than 18 years of experience in banking industry.

R. Andiona Boedisoejoto Cash Product Management Head Joined UOB Indonesia in 2010, has more than 25 years of experience in banking industry.

Katarina Chitra Industry Group Head 3 Joined UOB Indonesia in 2001, has more than 19 years of experience in banking industry, especially in credit and marketing.

Ratnasari Kartawiria Corporate Credit Head Joined UOB Indonesia in 2011, has more than 22 years of experience in banking industry.

Laurentius Eko Purwatmoko AML/CFT and Sanctions Head Joined UOB Indonesia in 2002, has more than 12 years of experience in banking industry.

Rd. Ali Akbar Property and General Services Head Joined UOB Indonesia in 2013, has more than 17 years of experience in banking industry.

Lena Special Asset Management Head Joined UOB Indonesia in 2010, has more than 22 years of experience in banking industry.

Ridwan Moezwir Internal Audit Head Profile of Ridwan Moezwir can be found on page 256.

Lina Corporate Secretary/Corporate Services Head Profile of Lina can be found on page 256.

Rita Gosal Commercial Banking 2 Head Joined UOB Indonesia in 2013, has more than 25 years of experience in banking industry.

M. A. Kartika Ayu Middle Office (Commercial Banking) Head Joined UOB Indonesia in 2013, has more than 19 years of experience in banking industry.

Ritaria Tjokromulio Industry Group Head (Telecommunication and Utilities) Joined UOB Indonesia in 2005, has more than 22 years of experience in banking industry.

Melani Misniwaty Policy and Operations Assurance Head Joined UOB Indonesia in 1999, has more than 28 years of experience in banking industry, especially in banking system and procedure.

Rika Saskia Head of Retail Credit Profile of Rika Saskia can be found on page 255.

Miemie Murniati Mortgage and Secured Loan Head Joined UOB Indonesia in 2013, has more than 29 years of experience in banking industry. Miko Sales Head Joined UOB Indonesia in 2010, has more than 14 years of experience in banking industry, especially in sales area. Pardi Kendy Head of Human Resources Profile of Pardi Kendy can be found on page 254.

Rony Iskandar Kustendro Information Security and Business Continuity Management Head Joined UOB Indonesia in 2011, has more than 13 years of experience in banking industry. Rony Teja Sukmana Branch Operations Control and Development Head Joined UOB Indonesia in 2013, has more than 25 years of experience in banking industry. Roy Fahrizal Permana Performance and Rewards Head Profile of Roy Fahrizal Permana can be found on page 251.


Executive Officers Salvy Gunawan Business Planning and Business Performance Management Head Joined UOB Indonesia in 2012, has more than 11 years of experience in banking industry.

Thay Fong Credit Risk Management Head Joined UOB Indonesia in 2010, has more than 16 years of experience in banking industry, especially in risk management.

Saroso Hadi Human Resources Industrial Relation Head Joined UOB Indonesia in 1986, has more than 27 years of experience in banking industry.

Tippy Joesoef Risk Management Head Joined UOB Indonesia in 2013, has more than 19 years of experience in banking industry.

Shirley Commercial Wealth Management Head Joined UOB Indonesia in 2009, has more than 16 years of experience in banking industry.

Wong Kartyono Transaction Banking Head Profile of Wong Kartyono can be found on page 255.

Sigit Arnanto Retail technology and Ops Head Joined UOB Indonesia in 2011, has more than 23 years of experience in banking industry. Surja Kirana Sulistijo Legal Head Joined UOB Indonesia in 2008, has more than 23 years of experience in banking industry.

Widjaja Hendra Head of Business Banking Profile of Widjaja Hendra can be found on page 254. Widyarini Utami Human Resources Business Partner and Organisation Development Head Joined UOB Indonesia in 2008, has more than 17 years of experience in banking industry, especially human resources area.

Suryati Budiyanto Head of Commercial Banking Profile of Suryati Budiyanto can be found on page 255.

Winanto Credit Reviewer (Commercial Banking) Head Joined UOB Indonesia in 2008, has more than 19 years of experience in various industries.

Susan Kwanto TNO Project Management Office Head Joined UOB Indonesia in 1992, has more than 21 years of experience in banking industry.

Wiradian Demand Management Head Joined UOB Indonesia in 2010, has more than 19 years of experience in various industries.

Susanto Lukman Industry Group Head (Food and Beverages Agribusiness) Joined UOB Indonesia in 2002, has more than 14 years of experience in banking industry.

Yusuf Taojiri Market Risk Control Head Joined UOB Indonesia in 2010, has more than 21 years of experience in banking industry.

Sutyas Hantoyo GMIM Advisory Head Joined UOB Indonesia in 2012, has more than 24 years of experience in banking industry.

Yutrizal MIS and Planning Head Joined UOB Indonesia in 2011, has more than 18 years of experience in banking industry.

Teguh Lestiono Santoso Product and Business Analyst Head Joined UOB Indonesia in 2008, experienced in banking industry, especially in commercial and retail banking.


Regional Manager Adji Anggono Regional Manager 3 Joined UOB Indonesia in 2009, has more than 25 years of experience in banking industry. Alexis Marzo Tan Regional Manager 1 Joined UOB Indonesia in 2010, experienced in banking industry. Amir Abidin Regional Manager 5 Joined UOB Indonesia in 1981, has more than 32 years of experience in banking industry, especially in commercial and retail banking. Goenawan Surip Regional Manager 4 Joined UOB Indonesia in 1993, has more than 20 years of experience in banking industry, especially in credit and marketing. Sari Regional Manager 2 Joined UOB Indonesia in 2012, has more than 21 years of experience in banking industry, especially in commercial banking. Regional Business/Operations Manager Alex Regional Commercial Banking Head - Kalimantan Joined UOB Indonesia in 2013, has more than 11 years of experience in banking industry. Andreas Budiatmodjo Regional Business Banking Sales Head – Kalimantan Joined UOB Indonesia in 1987, has more than 26 years of experience in banking industry, especially in retail banking. Bambang Suradi Regional Business Banking Sales Head – East Java Joined UOB Indonesia in 1981, has more than 32 years of experience in banking industry, especially in commercial and retail banking.

David Regional Business Banking Sales Head – Jakarta 2 Joined UOB Indonesia in 2003, has more than 10 years of experience in banking industry, especially in retail banking. Edhy Susanto Regional Business Banking Sales Head – Central Java Joined UOB Indonesia in 1988, has more than 25 years of experience in banking industry, especially in retail banking. Edisono Limin Regional Business Banking Sales Head – Jakarta 4 Joined UOB Indonesia in 2013, has more than 15 years of experience in banking industry, especially in retail banking. Herman Sjahli Regional Business Banking Sales Head – West Java Joined UOB Indonesia in 2010, has more than 26 years of experience in banking industry, especially in credit. Inge Irawati Regional Commercial Banking Head - Central Java Joined UOB Indonesia in 2013, has more than 29 years of experience in banking industry. Johnny Alexander Gunawan Regional Commercial Banking Head - East Java Joined UOB Indonesia in 2013, has more than 11 years of experience in banking industry. Siaou Kwong Regional Business Banking Sales Head - Jakarta 1 Joined UOB Indonesia in 2013, has more than 25 years of experience in banking industry. Sudianto Sales Performance Management Head Joined UOB Indonesia in 2013, has more than 11 years of experience in banking industry. Sudijanto Regional Business Banking Sales Head – Sumatera Joined UOB Indonesia in 2010, has more than 30 years of experience in various industries.


Executive Officers Area Manager Ai Na Widjaja Area Manager – UOB Plaza Joined UOB Indonesia in 2011, has more than 17 years of experience in banking industry. Akbar Cahyo Nugroho Area Manager – Magelang Joined UOB Indonesia in 2002, has more than 12 years of experience in banking industry, especially in retail banking. Andi Kurniawan Area Manager - Jambi Joined UOB Indonesia in 2013, has more than 9 years of experience in retail banking. Bambang Siyono Area Manager – Banyuwangi Joined UOB Indonesia in 1998, has more than 15 years of experience in banking industry, especially in retail banking. Daniel Irawan Ariesanto Winata Area Manager - Surabaya Joined UOB Indonesia in 2013, has more than 15 years of experience in banking industry. Daniel Muljadi Djaya Area Manager – Dago Joined UOB Indonesia in 2010, has more than 20 years of experience in banking industry, especially in marketing. David Gosal Area Manager – Makassar Joined UOB Indonesia in 2012, has more than 20 years of experience in banking industry. Decy Indera Indah Gentania Area Manager – Harmoni Joined UOB Indonesia in 2011, has more than 18 years of experience in banking industry. Didi Hermawan Area Manager – Bandung Joined UOB Indonesia in 2010, has more than 21 years of experience in banking industry, especially in retail banking. Dismas Irawan Ziadi Area Manager - Bandar Lampung Joined UOB Indonesia in 2013, has more than 24 years of experience in banking industry.


Eva Lie Hwa Area Manager - Tegal Joined UOB Indonesia in 2013, has more than 12 years of experience in banking industry. Fenny Djayasaputra Area Manager – Jember Joined UOB Indonesia in 1997, has more than 16 years of experience in banking industry, especially in retail banking. Hadijono Area Manager – Green Garden (Tangerang) Joined UOB Indonesia in 1988, has more than 25 years of experience in banking industry, especially in retail banking. Harri Thunardi Area Manager – Green Garden Joined UOB Indonesia in 2012, has more than 18 years of experience in banking industry, especially as Branch Manager. Hartoyo Area Manager – Semarang Joined UOB Indonesia in 2007, has more than 25 years of experience in banking industry, especially in retail banking. Indrianto Area Manager – Solo Joined UOB Indonesia in 2010, has more than 21 years of experience in banking industry, especially in retail banking. Irfan Iskandar Area Manager - Malang Joined UOB Indonesia in 2013, has more than 11 years of experience in banking industry. Jonny Area Manager – Pekanbaru Joined UOB Indonesia in 2010, has more than 9 years of experience in banking industry, especially in retail banking. July Liman Hermanto Area Manager – Serang Joined UOB Indonesia in 1993, has more than 21 years of experience in banking industry, especially in retail banking. Junardi Area Manager – Medan Joined UOB Indonesia in 1992, has more than 21 years of experience in banking industry, especially in retail banking.

Ketut Suartini Area Manager – Bali Renon Joined UOB Indonesia in 2012, has more than 21 years of experience in banking industry, especially as Area Business Manager. Lie Liu Tjin Area Manager – Pontianak Joined UOB Indonesia in 1986, has more than 31 years of experience in banking industry, especially in banking operations and retail banking. Lilik Soesana Area Manager – Bukit Darmo Joined UOB Indonesia in 2010, experienced in banking industry, especially in retail banking. Lindawati Halim Area Manager – Bandung Rivai Joined UOB Indonesia in 1992, has more than 21 years of experience in banking industry, especially in banking operations. Mali S Area Manager – Asemka Joined UOB Indonesia in 1981, has more than 32 years of experience in banking industry, especially in retail banking. Manhudi Wijaya Area Manager – Kelapa Gading Joined UOB Indonesia in 1998, has more than 15 years of experience in banking industry, especially in retail banking. Maria Natalia Ristianty Area Manager – Sawah Besar Joined UOB Indonesia in 1994, has more than 19 years of experience in banking industry, especially in banking operations and retail banking. Muchtaris Area Manager – Purwokerto Joined UOB Indonesia in 2010, has more than 18 years of experience in banking industry, especially in retail banking. Nugroho Santosa Area Manager – Jombang Joined UOB Indonesia in 2011, has more than 16 years of experience in banking industry, especially in commercial and retail banking.

Obet Hasudungan Sihombing Area Manager – Bogor Joined UOB Indonesia in 2011, has more than 18 years of experience in banking industry, especially in retail banking. Richard Azarya Sondakh Area Manager - Surabaya Manyar Kertoarjo Joined UOB Indonesia in 2013, has more than 11 years of experience in banking industry. Ritawaty Mandata Area Manager – Samarinda Joined UOB Indonesia in 1990, has more than 23 years of experience in banking industry, especially in retail banking. Romauli L S Gultom Area Manager – Radio Dalam Joined UOB Indonesia in 2007, has more than 13 years of experience in banking industry, especially in sales. Rynaldo Area Manager - Bengkulu Joined UOB Indonesia in 2013, has more than 10 years of experience in banking industry. Soenji Harijanto Area Manager – Yogyakarta Joined UOB Indonesia in 2009, has more than 20 years of experience in banking industry, especially in retail banking. Syandi Irawan Area Manager – Jatinegara Joined UOB Indonesia in 2011, has more than 16 years of experience in banking industry, as Branch Manager. Teddy Polandra Area Manager – Denpasar Joined UOB Indonesia in 2010, experienced in banking industry, especially in retail banking. Teguh Herri Waskito Area Manager – Banjarmasin Joined UOB Indonesia in 2012, has more than 16 years of experience in banking industry, especially as Branch Manager. Theresia Sherry Tjoa Area Manager – Batam Centre Joined UOB Indonesia in 1993, has almost 21 years of experience in banking industry, especially in banking operations.


Executive Officers Tjendrajani Farman Area Manager – Asemka (Pluit) Joined UOB Indonesia in 1989, has almost 24 years of experience in banking industry, especially in banking operations.

Yusda Elfani Area Manager – Balikpapan Joined UOB Indonesia in 2012, has more than 18 years of experience in banking industry, especially in funding.

Wong Bun Hock Area Manager – Batam Joined UOB Indonesia in 1999, has more than 14 years of experience in banking industry, especially in commercial banking.

Yusra Area Manager – Medan Uniplaza Joined UOB Indonesia in 1992, has more than 21 years of experience in banking industry, especially as Branch Manager.

Yemmy Priantoro Area Manager – Semarang (Majapahit) Joined UOB Indonesia in 2008, has more than 17 years of experience in banking industry, especially in commercial banking. Yopie Area Manager – Cirebon Joined UOB Indonesia in 1992, has more than 21 years of experience in banking industry, especially in retail banking.


Yustinus Oswari Area Manager – Palembang Joined UOB Indonesia in 2009, experienced in banking industry, especially in retail banking.

Office Network

Samarinda Balikpapan Banjarmasin Pontianak

Medan Pekanbaru Batam Jambi

Makassar

Bengkulu

Denpasar

Palembang Bandar Lampung

Jakarta

Solo

Bogor

Yogyakarta

Bandung

Magelang

Serang

Semarang

Tasikmalaya

Banyuwangi Surabaya

Tegal

Cirebon

Jombang

Purwokerto

Jember Malang

Jakarta 1 Head Office 6 Branches 55 Sub branches

Denpasar

Batam

Jombang

Pekanbaru

Solo

2 Branches

2 Branches

1 Branch

1 Branch

1 Branch

5 Sub branches

3 Sub branches

1 Sub branch

2 Sub branches

6 Sub branches

Balikpapan

Bengkulu

Magelang

Pontianak

Surabaya

1 Branch

1 Branch

1 Branch

1 Branch

3 Branches

3 Sub branches

2 Sub branches

4 Sub branches

3 Sub branches

14 Sub branches

Bandar Lampung

Bogor

MakasSar

Purwokerto

Tasikmalaya

1 Branch

1 Branch

1 Branch

1 Branch

1 Branch

3 Sub branches

5 Sub branches

3 Sub branches

3 Sub branches

3 Sub branches

Bandung

Cirebon

Malang

Samarinda

Tegal

2 Branches

1 Branch

1 Branch

1 Branch

1 Branch

12 Sub branches

3 Sub branches

3 Sub branches

2 Sub branches

Yogyakarta

Banjarmasin

Jambi

Medan

Semarang

1 Branch

1 Branch

1 Branch

2 Branches

1 Branch

3 Sub branches

1 Sub branch

1 Sub branch

7 Sub branches

7 Sub branches

Banyuwangi

Jember

Palembang

Serang

1 Branch

1 Branch

1 Branch

1 Branch

3 Sub branches

3 Sub branches

6 Sub branches

2 Sub branches


Products and Services Loan Products • UOB Mortgage • UOB Multi Purpose Loan • Overdraft Facility (IDR and Foreign Currencies) • Revolving Credit Facility • Fixed Loan • Fixed Investment Loan • Commercial Vehicle Financing • Construction Investment Loan • Heavy Equipment Financing • Business Property Financing • Installment Loan (IDR and Foreign Currencies) • Micro Business Loan • Import and Export Financing • UOB Credit Card (Visa and MasterCard) for non-cash transactions: - Preferred Platinum - Gold/ONE Card - Lady’s Card and Lady’s Platinum - Credit card for corporate needs such as Corporate Card, Purchasing/D-Card and Business Platinum Card • Business Express • Business Solution • Supply Chain and Distributor Financing • Invoice Financing • Secured Back to Back Funding Products • Time Deposit (IDR and Foreign Currencies) • UOB Rupiah Savings • UniPlus Savings Account • UOB Gold Savings Account • UOB High Yield Savings Account • TabunganKu • UOB Saving Plan • Foreign Currency Productive Account • Current Account (IDR and Foreign Currencies) • UOB Giro Services • Letter of Credit (L/C) • Negotiation and Diskonto Draft Export • Tax Payment • Bank Guarantee • Safe Deposit Box


• • • • • • • • • • • • • • • • • •

Draft and Collection Payment Facility (Foreign Currencies) Bank Draft (Foreign Currencies) Inward and Outward Transfer (IDR and Foreign Currencies) Kliring UOB Bill Pay: PLN, Telkom, Telkomsel, Indosat, XL, Esia, Fren and Indovision UOB ATM and Debit Card Autodebit Savings 24-hour Call Centre (14008) Trust Receipt Escrow Account Cash Pick-up Cash Sweeping and Concentration Bulk Payment / Payroll Shipping Guarantee Usance Payable At Sight (UPAS) Invoice Collection Solution Transaction Charging FX Electronic Dealing System (FEDS)

Investment Products • Selling Agent for Mutual Funds • Selling Agent for Government Retail Bond (ORI) 010 and SUKUK Ritel SR-005 • UOB Maxi Yield Insurance Products - Bancassurance • UOB Indonesia in cooperation with insurance companies, offers customers financial solutions such as life and health insurance products with single or regular premium payment. Treasury Products • Foreign Exchange (FX) Transactions: Value Today Transactions, Value Tom Transactions and Value Spot Transactions. • Derivative Transactions: Forward, Swap, Interest Rate Swap (IRS) and Cross Currency Swap (CCS). • Structured Product, combining 2 (two) or more financial instruments in the form of non-derivative financial instruments with Derivative or Derivative with Derivative where the value or cash flow of the product is associated with 1 (one) or a combination of the base variables such as interest rates, exchange rates and commodity or equity. • Securities/Bond Transactions with maturities of more than 1 (one) year.

PT Bank UOB Indonesia Head Office UOB Plaza Jl. M.H. Thamrin No. 10 Jakarta 10230 Indonesia Phone: (021) 23506000 (Hunting) Fax: (021) 29936632 Swift Code: BBIJIDJA Email: [email protected] www.uob.co.id

PT Bank UOB Indonesia Annual Report 2013

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